India aims to cover at least 75% tariff lines in expanded pact with MERCOSUR
This story was originally published at 15:33 IST on 19 March 2025
Register to read our real-time news.Informist, Wednesday, Mar. 19, 2025
--Source: Hope to cover at least 75% tariff lines in expanded MERCOSUR pact
--Govt source:Seeing mild interest from MERCOSUR in expansion of trade pact
NEW DELHI – India hopes to expand the existing preferential trade agreement with the Latin American bloc MERCOSUR and cover at least 75% of the tariff lines under the agreement, a commerce ministry official said. The MERCOSUR bloc comprises Argentina, Brazil, Bolivia, Paraguay, and Uruguay.
While India had started the discussions to expand the preferntial trade agreement with MERCOSUR in 2023, there hasn't been much progress yet. Another commerce ministry official said that MERCOSUR's enthusiasm to expand the trade pact has been mild, which is responsible for the slow progress.
India-MERCOSUR preferential agreement, which was signed in 2004, covers around 450 tariff lines currently. The trade between the two sides was $17.86 billion in 2023-24 (Apr-Mar), that included exports worth $7.90 billion. End
US$1 = INR 86.42
Reported by Krity Ambey
Edited by Akul Nishant Akhoury
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
