New Delhi, Oct 16, 2025

India and Brazil have decided to go in for a substantial expansion of the agreement between India and MERCOSUR member states, aiming for a significant share of the bilateral trade to benefit from tariff preferences, according to a joint statement issued on Thursday.

The statement was issued after a meeting held here between visiting Brazilian Vice President and Development, Industry, Trade and Services Minister, Geraldo Alckmin, and India’s Minister of Commerce and Industry, Piyush Goyal.

The agreement between India and MERCOSUR, comprising Brazil, Argentina, Bolivia, Paraguay, and Uruguay, was signed on June 17, 2003, with the aim of strengthening relations and promoting the expansion of trade.

According to the joint statement, the expansion of the agreement sh

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