Indian companies should consider Paraguay as a staging post and launchpad to expand their operations across South America, the Ministry of External Affairs (MEA) said on Monday, following talks between the visiting Paraguayan delegation led by President Santiago Pe?a Palacios and the Indian delegation led by Prime Minister Narendra Modi. The two countries also agreed to “explore holding technical talks” on expanding the India–Mercosur Preferential Trade Agreement (PTA) to enhance market access and boost both bilateral and inter-regional trade.
At the meeting, Pe?a told the Indian delegation that Paraguay is one of the most open economies in the Mercosur region
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