New Delhi, Sept. 15 -- The Protocol was signed by Commerce Secretary, Government of India, Rajesh Agarwal and Ambassador of Uruguay to India H.E. Alberto Guani, and Ambassador of Paraguay to India, Fleming Raul Duarte Ramos, in the presence of the Minister of Foreign Affairs of the Oriental Republic of Uruguay Mario Lubetkin, in the exercise of the Pro Tempore Presidency of MERCOSUR and the representatives from Embassies of Argentina & Brazil.

The India-MERCOSUR PTA was signed on 25 January 2004 and entered into force on 1 June 2009. The Agreement provides preferential tariff concessions on 450 tariff lines by India and 452 tariff lines by the MERCOSUR side.

The First Additional Protocol amends Article 16 of Annex III (Rules of Origin) ...