India is considering widening its trade agreement with MERCOSUR bloc comprising Brazil, Argentina, Uruguay and Paraguay with an aim to enhance economic engagement with these countries, according to a top official.
India has signed a preferential trade agreement with MERCOSUR and we are currently looking at expanding this," Commerce Secretary S R Rao said at a CII Function.
India-MERCOSUR preferential trade agreement (PTA) came into effect from 2009. The major sectors covered in the offer list under the PTA include meat, chemicals, leather goods, iron and steel products, machinery items and electrical machinery.
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