New Delhi, Oct. 16 -- India and Brazil have agreed to explore ways to expand their existing Preferential Trade Agreement (PTA) as part of efforts to deepen bilateral economic and strategic ties. The agreement was reached during the India-Brazil Business Dialogue in New Delhi on Tuesday, which was attended by Brazil's vice president Geraldo Alckmin, defence minister Jose Mucio Monteiro Filho, and India's commerce and industry minister Piyush Goyal.

Goyal said at the event, organised by Ficci, that discussions focused on strengthening trade cooperation and widening market access for businesses from both countries. "With Brazil today, we discussed expanding our PTA from its current level so we can penetrate the South American market in a bi...