India-MERCOSUR PTA · FTA guide, rules of origin & tariff schedule

India-MERCOSUR PTA.

India-MERCOSUR Preferential Trade Agreement

India-MERCOSUR PTA — In Force ✅. Goods — 452 tariff lines with 10–20% preference margin. India-relevant trade: USD USD 12.5B.

India + MERCOSUR (Brazil, Argentina, Uruguay, Paraguay)Parties

In Force ✅Status

June 2009In force

June 2003Signed

Coverage

What this agreement covers.

Goods — 452 tariff lines with 10–20% preference margin

Key benefits

Why this agreement matters.

✓ 10–20% preference on 452 tariff lines — both ways
✓ India-Brazil bilateral trade USD 12.5B
✓ Pharma, engineering, agro-food are top India exports
✓ Full FTA under negotiation to expand from PTA

India position

How this FTA relates to India.

Both parties — limited preference on 452 lines

Aggregate trade volume among parties: USD 12.5B

Risk framework

FTA compliance risks.

Risk	Assessment	Mitigation
Only 452 lines covered — most India-MERCOSUR trade on MFN	High — PTA is narrow; most goods face full MFN tariff	Check MERCOSUR PTA schedule; use PTA lines where applicable; push for full FTA
Argentina currency instability — periodic devaluation risk	High for Argentine receivables	Invoice in USD; use confirmed LC or D/P for Argentine buyers; ECGC cover recommended

Beneficiary verticals

Which sectors benefit.

Pharma Engineering Chemicals Agro Textiles Mining-minerals

Cited from

Referenced by these country pages.

Brazil

Frequently asked

FAQ · India-MERCOSUR PTA.

What is covered in the India-MERCOSUR PTA?

452 tariff lines covering items like chemicals, pharma, metals, textiles, agro-food. Preference margins of 10–20%. Both India and MERCOSUR maintain negative lists of sensitive items excluded from preferences.

When will India-MERCOSUR full FTA be concluded?

Full FTA upgrade negotiations are ongoing but no conclusion date set. India-EU FTA and India-UK FTA take precedence in India's FTA negotiating calendar.

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India-MERCOSUR PTA.

What this agreement covers.

Why this agreement matters.

How this FTA relates to India.

FTA compliance risks.

Which sectors benefit.

Referenced by these country pages.

FAQ · India-MERCOSUR PTA.

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