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India-Mexico Begin Preferential Trade Talks After Terms Signed

By Drooid · Oct 29, 2026 · How we work

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Summary

India and Mexico launch negotiations for a preferential trade agreement after signing terms of reference.
India’s merchandise exports to Mexico reached $5.73 billion in FY26, up 25.8%.
Bilateral merchandise trade totaled about $7.83 billion in FY26.
Mexico raised import duties on 1,400 product lines to as high as 50% for non-PTA countries, effective January 2026.
Both delegations discussed a possible Mexican business mission to India in the first quarter of 2027.

History

NAFTA began on 1 January 1994, eliminating tariffs on over half of Mexico’s exports to the United States and more than a third of U.S. exports to Mexico, which helped Mexican agricultural exports grow about 9.4 % annually through 2001. India-Mexico preferential-trade talks now seek similar tariff cuts to boost their $7.8 billion bilateral trade, echoing NAFTA’s impact on supply chains.

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NAFTA began on 1 January 1994, eliminating tariffs on over half of Mexico’s exports to the United States and more than a third of U.S. exports to Mexico, which helped Mexican agricultural exports grow about 9.4 % annually through 2001. India-Mexico preferential-trade talks now seek similar tariff cuts to boost their $7.8 billion bilateral trade, echoing NAFTA’s impact on supply chains.

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