India and Mexico Sign Terms of Reference to Launch Preferential Trade Agreement Negotiations
India's Ministry of Commerce and Industry announced in New Delhi on October 28 that India and Mexico have signed the Terms of Reference for negotiations on a Preferential Trade Agreement (PTA), formally launching the talks. The document establishes the framework, scope, modalities and roadmap for negotiations aimed at a mutually beneficial and balanced PTA with the potential to expand bilateral trade, create business opportunities, enhance investment flows and contribute to resilient and diversified supply chains.
The initiative follows the understanding reached between Prime Minister Narendra Modi and Mexican President Claudia Sheinbaum during their meeting on the sidelines of the G7 Summit in Canada in June 2025, when the two leaders agreed to further strengthen and deepen the India-Mexico partnership. During the visit of Commerce Secretary Rajesh Agrawal, the two delegations discussed bilateral relations and opportunities to expand trade and investment, with Mexico's Undersecretary of Foreign Trade, Luis Rosendo Gutiérrez Romano, participating on behalf of Secretary of Economy Marcelo Ebrard Casaubon.
The Terms of Reference cover market access for goods, rules of origin, customs procedures and trade facilitation, dispute settlement, sanitary and phytosanitary measures, technical barriers to trade and trade remedies. The ministry noted that the signing starts the negotiations and does not itself introduce any tariff concessions.
Source: GSM · USA (original Chinese edition)
Photo: 墨西哥城独立天使纪念碑。GusVal96 摄，CC BY-SA 4.0，经 Wikimedia Commons。 / The Angel of Independence in Mexico City, Mexico. Photo by GusVal96, CC BY-SA 4.0, via Wikimedia Commons.
