US EditionIndia Proposes Preferential Trade Agreement with Mexico to Deal with High Tariffs
India seeks a WTO-compatible preferential trade agreement with Mexico to secure concessions for exporters facing tariff hikes of up to 50% on about 1,463 tariff lines, officials said.
- On Monday, India proposed a Preferential Trade Agreement with Mexico to help exporters cope with steep tariffs, Commerce Secretary Rajesh Agrawal said technical talks are underway as a faster, WTO-compatible route.
- Mexico approved MFN tariff increases covering roughly 1,455 lines from 2026, imposing 5–50% tariffs on non‑FTA partners to protect local production and curb Chinese imports.
- Trade bodies including ACMA warn about export losses; preliminary estimates show about USD 2.7 billion in exports to Mexico at risk, affecting autos, two‑wheelers, auto parts, textiles, iron and steel, plastics, leather, and footwear.
- A high‑level meeting between Commerce Secretary Rajesh Agrawal and Mexico's Vice Minister of Economy Luis Rosendo has already occurred, and India says it reserves the right to take "appropriate measures" while pursuing constructive dialogue.
- With duties effective January 1, 2026, talks take on added urgency as officials say the tariffs are WTO-compatible and India-Mexico trade totaled USD 8.74 billion in 2024.
15 Articles
15 Articles
Deccan Chronicle
Orissa POSTIndia Proposes Preferential Trade Agreement With Mexico to Deal With High Tariffs
India-Mexico merchandise trade totalled USD 8.74 billion in 2024, with exports USD 5.73 billion, imports USD 3.01 billion, and a trade surplus of USD 2.72 billion
India in Talks with Mexico for a Preferential Trade Agreement
Get latest articles and stories on Business at LatestLY. India and Mexico initiated discussions to promptly mitigate the impact of tariffs imposed on Indian goods by Mexico and to chart ways and means to protect trade interests. Business News | India in Talks with Mexico for a Preferential Trade Agreement.
Tribune India
ChiniMandiIndia in talks with Mexico for a preferential trade agreement - The Tribune
India and Mexico initiated discussions to promptly mitigate the impact of tariffs imposed on Indian goods by Mexico and to chart ways and means to protect trade interests.
'Safeguard interests of...': India pledges 'appropriate measures' as Mexico slaps 50 per cent tariffs
Following Mexico’s decision to hike tariffs by 50% on select Indian products, the government of India has warned it will take “appropriate measures” to protect its exporters. An official told PTI, “India reserves the right to take appropriate measures to safeguard the interests of Indian exporters, while continuing to pursue a solution through constructive dialogue.” Both countries are also reportedly exploring negotiations for a free trade agre…
India–Mexico FTA talks begin amid looming tariff hikes
India and Mexico are discussing a free trade agreement. This comes as Mexico plans to impose new tariffs on imports from non-preferential partners like India. The terms of reference for the pact are expected soon. Both nations aim for mutually beneficial solutions. This move could strengthen bilateral trade ties and address concerns over rising duties.
Coverage Details
Bias Distribution
- 83% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
