Course summary India -
MERCOSUR Preferential Trade Agreement (PTA)
The aim of this Preferential Trade Agreement is to expand and strengthen the
existing relations between MERCOSUR and India and promote the expansion of trade
by granting reciprocal fixed tariff preferences with the ultimate objective of
creating a free trade area between the parties.
The major sectors covered in the offer list of India under the PTA include meat,
chemicals, leather goods, iron and steel products, machinery items and
electrical machinery.
The
Mercosur (Southern Common Market) is the fourth largest economic Group in the world with a GDP of 1.989 billion U.S. dollars and a population of 242 million in 2008. Brazil is the largest economy with 79% of Mercosur's GDP, followed by Argentina with 18% to 2% for Uruguay and Paraguay with 1%. The Mercosur was created by
Argentina, Brazil, Paraguay and
Uruguay in March 1991
with the signing of the Treaty of Asuncion.
Example of the course India - MERCOSUR Preferential Trade
Agreement (PTA):
India’s exports to MERCOSUR bloc during April-September were estimated at USD
2.25 billion while imports too were in the same region.
India’s major exports to Argentina: organic chemicals, pharmaceuticals,
vehicles, clothing and clothing accessories, articles of plastics, hydrocarbons
and mineral oil products, steel, etc.
From India to Brazil the most exported products are: hydrocarbons, mineral oils,
organic chemicals, pharmaceuticals, nuclear reactors, boilers, machinery and
mechanical parts and instruments, vehicles, articles of plastics.
From India to Paraguay and Uruguay the most exported products are: organic
chemicals, essences, perfumes, pharmaceuticals, vehicles, electrical machinery,
snuff, clothing, etc.
In 2004, bilateral trade totaled $ 722 million and 1,320 million in 2008, which
represented an increase of 83%.
India – MERCOSUR PTA came into effect from 1st June, 2009.
MERCOSUR's Associate members: Bolivia, Chile, Colombia, Ecuador and
Peru.
Observers: Mexico.
The India - SACU Preferential Trade Agreement
(PTA) combined with the India-MERCOSUR and SACU-MERCOSUR PTAs, it is
envisioned that this will eventually lead to a Free Trade Agreement between
India, SACU and MERCOSUR (a large ’free trade area of the South’).
Related Foreign Trade Courses and
masters: Master Business in Asia - Master in Emerging Markets
- Business in South America
- Master Business in America - Master in business in Latin America
- Master International Business for Indian students
Negocios en India:
Mercosur – India Acuerdo Preferencial de Comercio (APC)
EENI In Hindi: मास्टर विदेश पार
EENI International Business
.
