This paper arises out from the recent interest of the Government of India to sign other Free Trade Agreements (FTAs). It is important to point out that the international trade of India with some Latin-American countries is greater if compared to traditional partners such as Japan, Russia, Thailand or Canada.
Venezuela Becomes India’s Fourth Strategic Crude Supplier Amid Global Energy Realignment
A sharp increase in bilateral shipments during the second quarter of 2026 positions Venezuelan crude as a key alternative for Indian supply, historically accounting for nearly 80% of the Asian nation’s total imports from the South American country.


