India And MERCOSUR Sign First Protocol To Streamline Electronic Certificates Of Origin
· Business · aninews.in, ANI
India and the MERCOSUR bloc have signed their first additional protocol to facilitate the issuance of electronic certificates of origin, simplifying trade procedures between the two regions. The agreement aims to reduce paperwork and expedite verification processes for exporters and importers. It follows ongoing negotiations to deepen economic ties, including a potential free trade agreement. The move aligns with India’s push to enhance trade efficiency amid global supply chain challenges. Implementation details, including timelines and participating member states, are yet to be finalised.
Why it matters
Indian exporters and importers stand to benefit from faster clearance and reduced administrative burdens, potentially lowering logistics costs and improving competitiveness. The protocol also sets a precedent for digital trade facilitation in South Asia, influencing future agreements with other regional blocs.
Read the original report — aninews.in
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