India, Brazil Agree To Expand Trade Pact With MERCOSUR

17 Oct 2025 CW Team

During a meeting in New Delhi on 16 October 2025, Geraldo Alckmin, Vice President of Brazil and Minister of Development, Industry, Trade and Services, and Piyush Goyal, India’s Minister of Commerce and Industry, reaffirmed the shared interest of India and MERCOSUR Member States in expanding their existing Preferential Trade Agreement (PTA) to strengthen bilateral trade and investment ties.

Both sides recalled the Framework Agreement signed between India and MERCOSUR on 17 June 2003, aimed at fostering closer economic cooperation in line with World Trade Organization (WTO) rules. They agreed that the proposed expansion should be substantial and comprehensive, covering both tariff and non-tariff issues related to trade and economic partnership.

The leaders outlined a roadmap to guide the expansion process, agreeing on the following key points:

The revised agreement should ensure that a significant share of bilateral trade benefits from tariff preferences.

The initiative must include active participation from the private sector and key stakeholders to support and sustain the negotiation process.

A technical dialogue between the Parties will be established, including the early convening of the Joint Administration Committee created under Article 23 of the PTA, to define the scope of the expansion.

The Parties will strive to conclude negotiations within one year from their formal launch.

The Brazilian side further expressed its commitment to working closely with other MERCOSUR partners to ensure that the process leads to a substantial, swift, and mutually beneficial outcome for all involved.

The meeting underscored both countries’ determination to enhance economic cooperation, diversify trade, and support the broader goal of South–South economic integration through a modernised and ambitious trade framework.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..