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India and Brazil on Thursday reaffirmed their commitment to strengthening trade ties through a deeper MERCOSUR-India Preferential Trade Agreement (PTA), according to a release by the Ministry of Commerce & Industry. The announcement came after a meeting between Brazil's Vice President and Minister of Development, Industry, Trade and Services, Geraldo Alckmin, and Union Minister of Commerce and Industry, Piyush Goyal.

The two leaders welcomed the mutual interest of India and MERCOSUR Member States in expanding the existing PTA to promote trade and investment. Recalling the Framework Agreement signed on June 17, 2003, they agreed that the expansion should be substantial, aiming for a significant share of bilateral trade to benefit

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