Story perspectives

India and Brazil Expand Trade Agreement to Boost Bilateral Trade

10/18/2025

Summary

Story summary

India and Brazil committed to expanding the MERCOSUR-India Preferential Trade Agreement (PTA) to boost bilateral trade.
The decision followed a meeting on October 16, 2025 between Brazilian Vice President Geraldo Alckmin and Indian Commerce Minister Piyush Goyal.
The PTA currently covers 450 tariff lines, with a goal to reach $20 billion in five years from $12.2 billion.
Technical discussions will begin, with negotiations to be finalized within one year.

1 of 1

Story summary

India and Brazil committed to expanding the MERCOSUR-India Preferential Trade Agreement (PTA) to boost bilateral trade.
The decision followed a meeting on October 16, 2025 between Brazilian Vice President Geraldo Alckmin and Indian Commerce Minister Piyush Goyal.
The PTA currently covers 450 tariff lines, with a goal to reach $20 billion in five years from $12.2 billion.
Technical discussions will begin, with negotiations to be finalized within one year.