India-Brazil Joint Declaration on MERCOSUR Trade Agreement

On October 16, 2025, India and Brazil's leaders met in New Delhi to discuss deepening their existing Preferential Trade Agreement under MERCOSUR. They emphasized the need for substantial expansion of the agreement to enhance bilateral trade, covering both tariff and non-tariff issues. The parties agreed to promote private sector participation and establish a technical dialogue to define the scope of the expansion, aiming to conclude negotiations within a year.

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