India-MERCOSUR Trade Agreement

Sub-subject: India-MERCOSUR Preferential Trade Agreement (PTA). Syllabus:

1. Introduction to the Preferential Trade Agreement between India and the MERCOSUR
2. Origin of goods under the agreement.
3. Foreign Trade between India and the countries of MERCOSUR
4. Business Opportunities created by the agreement.
5. Safeguard Measures.
6. Procedure for dispute resolution of the preferential agreement

Sample of the sub-subject: India-MERCOSUR Preferential Trade Agreement (PTA)

Sub-Subject Description: India-MERCOSUR Preferential Trade Agreement (PTA).

The objective of the Preferential Trade Agreement is to expand and strengthen the bilateral trade relations between MERCOSUR (Argentina, Brazil, Paraguay, Venezuela, and Uruguay) and India and to promote the growth of international trade by granting reciprocal fixed tariff preferences with the final objective of creating a free trade area between the MERCOSUR and India.

Major sectors covered under the India-MERCOSUR Preferential Trade Agreement are meat, chemicals, leather products, iron and steel products, machinery items, and electrical machinery.

The India-MERCOSUR Preferential Trade Agreement (PTA) came into force in 2009.

The India-SACU Preferential Trade Agreement combined with the India-MERCOSUR and the Southern Africa Customs Union-MERCOSUR; it is envisioned that this will eventually lead to a free trade agreement (FTA) between India, the Southern Africa Customs Union and the MERCOSUR (a large 'free trade area of the South').

Foreign Trade India-MERCOSUR

1. Exports of India to the Southern Common Market (MERCOSUR) for April-September 2011 were USD 2.25 billion.
2. Top exports products of India to Argentina: organic chemicals, pharmaceuticals, vehicles, clothing and accessories, articles of plastics, hydrocarbons and mineral oil products, and steel
3. Top exported products from India to Brazil: hydrocarbons, mineral oils, organic chemicals, pharmaceuticals, nuclear reactors, boilers, machinery and mechanical parts and instruments, vehicles, and articles of plastics.
4. From India to Paraguay and Uruguay the top exported products are organic chemicals, essences, perfumes, pharmaceuticals, vehicles, electrical machinery, snuff, and clothing.
5. In 2004, international trade amounted to 722 million dollars and 1,320 million in 2008 (an increase of 83%).

The MERCOSUR belongs to the Latin American Economic Area of the Western Civilization and India to the economic area of the Hindu Civilization.

South America - India Free Trade Agreements