<h1>India Aims to Boost Trade with Uruguay Tenfold, Proposes Expanding PTA with MERCOSUR and New BIPA Agreement.</h1> The Indian Minister of State for Commerce and Industry advocated for expanding the Preferential Trade Agreement (PTA) with MERCOSUR and establishing a Bilateral Investment Promotion and Protection Agreement (BIPA) with Uruguay. He set a goal to increase trade with Uruguay tenfold, from USD 110 million to USD 1 billion. Discussions with Uruguayan officials included enhancing bilateral cooperation, addressing visa issues, and establishing a joint trade commission. The Minister visited a major logistics company in Uruguay, emphasizing potential growth in sectors like agriculture, pharmaceuticals, and IT. Current Indian exports to Uruguay have shown significant growth, while imports remain modest.