The objective of the Preferential Trade Agreement is to expand and strengthen the
bilateral trade relations between MERCOSUR
(Argentina, Brazil, Paraguay and
Uruguay) and India and
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 (PTA) are:meat,
chemicals, leather products, iron and steel products, machinery items and
Exports of India to
Southern Common Market (MERCOSUR) for April-September 2011 were USD
Top exports products of India to Argentina: organic chemicals, pharmaceuticals,
vehicles, clothing and accessories, articles of plastics, hydrocarbons
and mineral oil products, steel, ...
Top exported products from India to Brazil: 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 top exported products are: organic
chemicals, essences, perfumes, pharmaceuticals, vehicles, electrical machinery,
snuff, clothing, etc.
In 2004, International trade
amounted to 722 million USD and 1,320 million in 2008
(an increase of 83%).
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').
Example of the course India - MERCOSUR Agreement:
Master in International Business for Indian students
EENI in Hindi: मास्टर विदेश पार