Q5 · UPPSC current affairs · 15 September 2026 · News · India MERCOSUR Preferential Trade Agreement Rules of Origin Protocol

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Consider the following statements regarding India's trade pacts:1.The India-MERCOSUR pact is structured as a Comprehensive Economic Cooperation Agreement (CECA).2.India and MERCOSUR signed the First Additional Protocol to introduce Electronic Certificates of Origin.Which of the statements given above is/are correct?

A 1 only
B 2 only
C Both 1 and 2
D Neither 1 nor 2

Correct answer: (b) 2 only

Explanation

Statement 1 is incorrect because the India-MERCOSUR pact is a Preferential Trade Agreement (PTA), not a Comprehensive Economic Cooperation Agreement (CECA). Statement 2 is correct as both sides signed the First Additional Protocol to introduce Electronic Certificates of Origin.

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