India-MERCOSUR PTA India-MERCOSUR PTA MERCOSUR is a trading bloc in Latin America comprising Brazil, Argentina, Uruguay and Paraguay. MERCOSUR was formed in 1991 with the objective of facilitating the free movement of goods, services, capital and people among the four member countries. It is the third largest integrated market after the European Union (EU), North American Free Trade Agreement (NAFTA). A Framework Agreement had been signed between India and MERCOSUR on 17th June 2003 at Asuncion, Paraguay. The aim of this Framework Agreement was to create conditions and mechanisms for negotiations in the first stage, by granting reciprocal tariff preferences and in the second stage, to negotiate a free trade area between the two parties in conformity with the rules of the World Trade Organisation. As a follow up to the Framework Agreement, a Preferential Trade Agreement (PTA) was signed in New Delhi on January 25, 2004. The aim of this Preferential Trade Agreement is to expand and strengthen the existing relations between MERCOSUR and India and promote the expansion of trade by granting reciprocal fixed tariff preferences with the ultimate objective of creating a free trade area between the parties. The India-MERCOSUR PTA provides for five Annexes. These five Annexes had been finalized during six rounds of negotiations in order to operationalise the PTA. These have been signed between the two sides on March 19, 2005, upon the conclusion of G-20 Meeting in New Delhi. The five finalized Annexes are following. Annex I to the PTA - Offer List of MERCOSUR for tariff concession on Indian products in MERCOSUR. It contains 452 products. Annex II to the PTA - Offer List of India for tariff concession on MERCOSUR’s products in India. It contains 450 products. Annex III to the PTA - Rules of Origin Annex IV to the PTA - Safeguard Measures Annex V to the PTA - Dispute Settlement Procedure (DSP) The major products covered in Indian offer list are meat and meat products, organic & inorganic chemicals, dyes & pigments, raw hides and skins, leather articles, wool, cotton yarn, glass and glassware, articles of iron and steel, machinery items, electrical machinery and equipments, optical, photographic & cinematographic apparatus The major product groups covered in the offer list of MERCOSUR are food preparations, organic chemicals, pharmaceuticals, essential oils, plastics & articles, rubber and rubber products, tools and implements, machinery items, electrical machinery and equipments India – MERCOSUR PTA came into effect from 1st June, 2009.
Get Sample Now Which service(s) are you interested in? Export Data Import Data Both Buyers Suppliers Both OR Exim Help + Exim News Date: 08-11-2025 US' new rules say your visa could be denied if you suffer from chronic diseases like diabetes, obesi Date: 08-11-2025 Import of bulk Scotch to increase, FTA to also benefit IMFL industry: Scotch Whisky Association Date: 08-11-2025 Trump hints at possible India visit next year, says talks with PM Modi 'going great Date: 08-11-2025 India issues a statement after Trump claims Pakistan is testing nuclear weapons Date: 08-11-2025 China-to-US shipping collapses! Cargo traffic plunges 42% as trade slowdown deepens Date: 05-11-2025 India's imports of seamless pipes, tubes from China rise two-fold in FY25 Date: 05-11-2025 Japan's crypto players jostle for market share on regulatory easing hopes Date: 05-11-2025 India and Japan have larger responsibility towards Indo-Pacific: Jaishankar Date: 05-11-2025 China-based company kicks off trial production of flying cars, ahead of Tesla Date: 04-11-2025 Adani Ports’ logistics segment to multiply revenue 5x by 2029 as company expands beyond core port op What is New? Date: 04-11-2025 Notification No.73/2025-Customs (N.T.) Transhipment of Cargo to Nepal under Electronic Cargo Tracking System (Amendment) Regulations, 2025 by amendment of Principal Notification No. 68/2019-Customs (N.T.) dated 30th September, 2019 Date: 31-10-2025 Notification No. 72/2025-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver Date: 30-10-2025 NOTIFICATION No 68/2025-Customs (N.T.) Assignment of Proper Officer under section 18A Date: 30-10-2025 NOTIFICATION No. 69/2025-Customs (N.T.) Levy of Fees (Customs Documents) Amendment Regulations, 2025 Date: 30-10-2025 NOTIFICATION No. 70/2025-Customs (N.T.) Customs (Voluntary Revision of Entries Post Clearance) Regulations, 2025 Date: 30-10-2025 NOTIFICATION No. 71/2025-Customs (N.T.) Conditions, where no revision allowed under Section 18A Date: 23-10-2025 NOTIFICATION No. 66/2025 - Customs (N.T.) Notification of ICD Malur, Kolar District, Karnataka u/s. 7(1)(aa) of Customs Act, 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962. Date: 18-10-2025 NOTIFICATION No. 17/2025 – CENTRAL TAX Seeks to extend date of filing GSTR-3B. Date: 15-10-2025 Notification No. 65/2025-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg. Date: 09-10-2025 Notification No. 64/2025-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
Indian Customs CBEC - Indian Customs Offices Indian Customs Duty Customs Exchange Rate HS Code List - Countrywise Safegaurd Duty Anti Dumping Duty Duty Drawback Rates
DGFT Dgft offices in India Exim Policy IEC Number Dgft Notification Dgft Public Notices Dgft Circulars Trade Notice Depb Rates
Central Excise Central Excise Offices Central Excise Duty Central Excise Notification Central Excise Notification tarrif Central Excise Notification Non-Tarrif Central Excise Circulars Central Excise Instruction Central Excise Manual