Last mentioned: Mar 18, 2026
Target Deadline
Goal for achieving the $30 billion bilateral trade milestone.
Presidential Signature
The deal awaits the signature of President Santiago Peña to complete the national process.
Paraguay Final Ratification
The Chamber of Deputies provides unanimous approval, completing the Mercosur side.
Paraguay Final Approval
The Chamber of Deputies provides the final legislative green light for the bloc.
Final House Vote
Paraguay's Chamber of Deputies unanimously approves the deal.
Paraguay Approval
Paraguay's Chamber of Deputies provides the final founding member vote needed for the bloc.
Paraguay Senate Approval
The Paraguayan Senate gives its green light to the trade deal.
Brazil and Argentina Approve
The two largest economies in the bloc finalize their ratification processes.
Senate Approval
The Paraguayan Senate gives its green light to the trade deal.
Brazil and Argentina
Major bloc economies complete their respective ratification processes.
Uruguay Ratification
Uruguay becomes the first Mercosur nation to ratify the agreement.
$30B Target Announced
Official announcement of the ambitious $30 billion trade target for 2030.
Rare Earths MoU
India and Brazil sign the landmark critical minerals pact in New Delhi.
Uruguay Ratification
Uruguay becomes the first Mercosur member to ratify the agreement.
Uruguay Ratification
Uruguay becomes the first Mercosur member to ratify the agreement.
Uruguay Ratifies
Uruguay becomes the first Mercosur nation to ratify the agreement.
Aerospace Partnership
Embraer and Adani Group announce plans to build aircraft in India.
Trade Headwinds
Both nations hit by US tariffs, prompting calls for stronger Global South cooperation.
Record Trade Year
Bilateral trade reaches historic highs following post-pandemic recovery and energy demand.
Initial Trade Target
Modi and Lula set an initial $20 billion bilateral trade target in Brasilia.
Paraguay's lower house has unanimously ratified the free trade agreement between Mercosur and the European Union, making it the final founding member of the bloc to do so. The landmark deal, 25 years in the making, aims to integrate markets representing 25% of global GDP and over 700 million people.
Paraguay has become the final founding member of Mercosur to ratify the landmark free trade agreement with the European Union, concluding the South American validation process. The deal, 25 years in the making, creates a massive trade zone encompassing 700 million people and a quarter of global GDP.
Paraguay has become the final founding member of Mercosur to ratify the landmark free trade agreement with the European Union. The unanimous vote in the Chamber of Deputies concludes the South American bloc's approval process for a deal covering 700 million people and 25% of global GDP.
Paraguay has become the final founding member of Mercosur to ratify the long-awaited free trade agreement with the European Union, concluding a 25-year negotiation cycle on the South American side. The deal establishes one of the world's largest free trade zones, encompassing 700 million people and 25% of global GDP.
India and Brazil have established an ambitious roadmap to double their bilateral trade to $30 billion by 2030. This strategic pivot aims to diversify economic ties beyond traditional commodities into high-growth sectors like defense, renewable energy, and digital technology.
India and Brazil have established a strategic roadmap to double their bilateral trade volume to $30 billion by 2030. This initiative focuses on diversifying trade beyond traditional commodities into high-value sectors like defense, energy, and pharmaceuticals, necessitating a significant overhaul of trans-Atlantic maritime and air logistics corridors.
India and Brazil have signed a landmark memorandum of understanding on rare earths and critical minerals, aiming to secure resilient supply chains and reduce a 90% import dependency on China. The partnership marks a strategic pivot for the Global South toward resource independence, advanced technology cooperation, and a $30 billion bilateral trade target.