ETV Bharat / international

India, Brazil Discuss Expansion Of Preferential Trade Agreement

During 2024-25, India's bilateral merchandise trade stood at USD 12.19 billion with Brazil, which is New Delhi's largest trading partner in Latin America.

New Delhi: India and Brazil on Tuesday discussed expansion of a preferential trade pact, market access issues and areas of collaboration in pharma and banking sectors, an official statement said.

These issues were discussed during the India-Brazil Trade Monitoring Mechanism (TMM) meeting here. The discussions also included the review of bilateral trade and investment relations and the expansion of the India-Mercosur preferential trade agreement.

Mercosur is a trading bloc in Latin America, comprising Brazil, Argentina, Uruguay and Pa

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