FICCI Business Delegation to Mercosur Countries 2010
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September 19 - 30, 2010
Mercosur trade bloc has become a successful regional market of 240 million people and 2 trillion dollars of GDP. It is the third largest integrated market after European Union (EU) and NAFTA.
India’s trade with Mercosur countries has witnessed remarkable growth during the last 5 years. From the level of US$ 2.24 billion in 2004-05, the trade grew by more than 2 times and touched US$ 4.81 billion in 2008-09. Exports from India to Mercosur countries during the corresponding period have also risen phenomenally by more than 3 times from US$ 901 million in 2004-05 to almost US$ 3.11 billion in 2008-09.
India and Mercosur had signed a Preferential Trade Agreement (PTA) in 2005 which has become operational effective June 1, 2009. This PTA is, therefore, expected to give a further boost to trade between India and Mercosur countries.
India’s trade with Mercosur countries has witnessed remarkable growth during the last 5 years. From the level of US$ 2.24 billion in 2004-05, the trade grew by more than 2 times and touched US$ 4.81 billion in 2008-09. Exports from India to Mercosur countries during the corresponding period have also risen phenomenally by more than 3 times from US$ 901 million in 2004-05 to almost US$ 3.11 billion in 2008-09.
India and Mercosur had signed a Preferential Trade Agreement (PTA) in 2005 which has become operational effective June 1, 2009. This PTA is, therefore, expected to give a further boost to trade between India and Mercosur countries.
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FICCI Business Delegation to Mercosur Countries September 19 - 30, 2010
