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South American Trade Bloc Agrees to Expand Agreement

Sep 04, 2010

  • Jyotiraditya Scindia
    Jyotiraditya Scindia
  • Jyotiraditya Scindia
    Jyotiraditya Scindia
  • Jyotiraditya Scindia
    Jyotiraditya Scindia
India's Minister of State for Commerce and Industry Jyotiraditya Scindia said that, the Agreement on Fixed Tariff Preferences between India and Mercosur, which came into force in 2009 and covers import-export of 452 products, will gradually be expanded to include new products with special taxation.

“Trade volume between Mercosur and India should reach around $17 billion in 2012 and $30 billion in 2030”, he added.




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