South America Current Affairs Quiz
Daily news by your exam, state and topic тАФ each with a short summary, key facts and MCQs.
What does the First Additional Protocol to the IndiaтАУMERCOSUR PTA, signed on 14 September 2026, provide for?
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Correct answer: C тАФ Acceptance of electronic Certificates of Origin
The protocol gives electronic Certificates of Origin the same legal validity as paper ones.
Which country held the Pro Tempore Presidency of MERCOSUR when India and MERCOSUR announced talks to expand their PTA in September 2026?
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Correct answer: A тАФ Uruguay
Uruguay's Foreign Minister Mario Lubetkin acted in the exercise of MERCOSUR's Pro Tempore Presidency.
The First Additional Protocol to the IndiaтАУMERCOSUR PTA amends a provision in which part of the agreement?
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Correct answer: B тАФ Annex III тАФ Rules of Origin
It amends Article 16 of Annex III (Rules of Origin).
Consider the following about the IndiaтАУMERCOSUR Preferential Trade Agreement: 1. It was signed in 2004 and entered into force in 2009. 2. Under it, India gives tariff concessions on more tariff lines than MERCOSUR does. Which of the above is/are correct?
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Correct answer: A тАФ 1 only
Only statement 1 is correct. The PTA was signed on 25 January 2004 and entered into force on 1 June 2009. India offers concessions on 450 tariff lines and MERCOSUR on 452, so MERCOSUR covers slightly more.