Chile and India signed the terms of reference to deepen the trade agreement. Through this agreement, the opportunity to liberalize the tariff lines of India by 90%. In addition, the two countries agreed on a Memorandum of Understanding for the acquisition of pharmaceutical products.
The Preferential Trade Agreement Between MERCOSUR and India Consolidates Nearly Two Decades as a Pivot for South-South Cooperation
Since its implementation in 2009, this tariff instrument shared by Argentina, Brazil, Paraguay, and Uruguay has been key to diversifying the block’s export destinations and strengthening trade with one of the most dynamic economies in the Asia-Pacific.



