India and Brazil, during a high-level meeting in New Delhi on October 16, 2025, agreed to work towards expanding their Preferential Trade Agreement (PTA) and set an ambitious bilateral trade target of $20 billion by 2030. The move aims to strengthen trade and investment ties through broader tariff concessions and deeper cooperation in technology and innovation.

   BullestIn

• India, Brazil plan to expand existing PTA to boost trade and investment.

• Target set: $20 billion bilateral trade by 2030, up from $12 billion in 2024.

• Talks held in New Delhi between Brazil’s VP Geraldo Alckmin and India’s Commerce Minister Piyush Goyal.

• Brazil, part of Mercosur bloc (Argentina, Brazil, Uruguay, Paraguay), seeks coordinated action with partners.

• India-Mercosur PTA signed in 2004, operational since 2009; covers limited tariff lines.

• Both sides aim for broader, faster, and mutually beneficial agreement expansion.

• India offers concessions on 450 tariff lines; Mercosur on 452 lines.

• Brazilian exports to India and Indian exports to Brazil grew over 30% this year.

• Brazil invites Indian investment in IT, clean energy, semiconductors, healthcare, and agriculture.

• Both nations to launch a digital partnership in AI, high-performance computing, and tech start-ups.