Under the protocol,
electronically issued Certificates of Origin will have the same legal validity
and value as paper certificates, subject to the applicable domestic procedures
and authorisations of the parties. The move is expected to support the
transition towards digital and paperless trade documentation, potentially
reducing transaction costs and processing time while improving the efficiency
of preferential trade. The initiative
follows discussions under the India-MERCOSUR Joint Administrative Committee,
with the proposal adopted by mutual consent at its fifth meeting held on 9
April 2026. The signing marks a
further step towards strengthening trade facilitation and deepening the
India-MERCOSUR trade and economic partnership.