What was the main purpose of the India–MERCOSUR Preferential Trade Agreement discussions held in New Delhi on 16 October 2025?
Correct Answer :
To promote trade and investment
Solution :
The correct option is To promote trade and investment.
Explanation:
A Preferential Trade Agreement (PTA) is a diplomatic and economic framework designed to reduce tariffs and trade barriers between participating nations or regional economic blocs. The India–MERCOSUR Preferential Trade Agreement aims specifically to facilitate smoother commercial exchanges, increase market access, and enhance bilateral trade and investment flows between India and the MERCOSUR member countries (South America's Southern Common Market).
Therefore, discussions surrounding this agreement focus directly on economic cooperation, lowering trade hurdles, and promoting mutual trade and investment opportunities.
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