India-MERCOSUR Preferential Trade Agreement

1. Introduction to the Preferential Trade Agreement between India and the MERCOSUR
2. Origin of Goods under the Preferential Trade Agreement
3. Foreign Trade between India and the member countries of the MERCOSUR
4. Business Opportunities created by the agreement
5. Safeguard Measures
6. Dispute Resolution Procedure of the Preferential Trade Agreement

Sample - India-MERCOSUR Preferential Trade Agreement (PTA)

The Subject “India-MERCOSUR Preferential Trade Agreement” belongs to the following Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: World Trade.

Course: Hinduism and Business.

Masters adapted for Indian Students (Bharat).

Courses: Hinduism and Business, International Relations of Africa, East Africa.

Languages: or MERCOSUR-India Inde MERCOSUL.

India-MERCOSUR Preferential Trade Agreement (PTA).

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

The 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 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 between India, the Southern Africa Customs Union and the MERCOSUR (a large 'free-trade area of the South').

India-MERCOSUR Foreign Trade

1. Indian Exports to the MERCOSUR were USD 2.25 billion
2. Top Indian export products to Argentina: organic chemicals, pharmaceuticals, vehicles, clothing and accessories, plastics, hydrocarbons and mineral oil products, and steel
3. Top Indian export products 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

The MERCOSUR belongs to the Hispanic American Economic Area and India to the Hindu Economic Area.

Member countries of the SACU: Botswana, Lesotho, Namibia, South Africa, and Eswatini.