India and MERCOSUR begin talks to expand preferential trade agreement
India and the MERCOSUR bloc have opened negotiations to broaden their preferential trade agreement as bilateral trade reached US$17.48 billion, potentially improving market access for apparel and other goods.
What happened
retail-company · India and MERCOSUR have begun negotiations to expand their preferential trade agreement, aiming to deepen trade coverage and cooperation as
Key facts
- US$17.48 billion
What changed
India and MERCOSUR have begun negotiations to expand their preferential trade agreement, aiming to deepen trade coverage and cooperation as bilateral trade reached US$17.48 billion.
Why this matters
Retail operators should map India–MERCOSUR apparel sourcing lanes now, as expanded preferences could lower landed costs and diversify supply beyond existing Asian hubs.