India, Mexico begin trade pact negotiations
India and Mexico have signed terms of reference to start negotiations on a preferential trade agreement.
The Brief
- India and Mexico signed terms of reference to launch trade pact negotiations.
- Negotiations focus on market access, customs procedures, and trade facilitation.
- A Mexican business mission to India is planned for early 2027.
India and Mexico have signed the Terms of Reference to initiate negotiations on a Preferential Trade Agreement (PTA).
The agreement aims to enhance bilateral trade and investment opportunities between the two countries.
Key areas for negotiation include market access for goods, rules of origin, customs procedures, and trade facilitation measures.
The Ministry of Commerce & Industry stated that the PTA is intended to create new economic opportunities for both nations.
The Mexican delegation discussed organizing a business mission to India in early 2027 to foster commercial ties and identify opportunities.
The negotiations follow a previous agreement between Prime Minister Narendra Modi and President Dr. Claudia Sheinbaum during the G7 Summit in June 2025.
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