By Sailesh YadavNew Delhi [India], August 12 (ANI): India will pursue Preferential Trade Agreements (PTAs) rather than full-fledged Free Trade Agreements (FTAs) with developing economies such as South Africa, opting for a calibrated approach that opens up only select product categories rather than deep, across-the-board market access, according to a senior government official. The government is also moving ahead with PTA negotiations with Mercosur, the South American trade bloc comprising Brazil and other member nations. The official was sharply critical of how free trade agreements were negotiated under the previous UPA government, alleging that stakeholder consultations during that period were largely superficial. (ANI)(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News.