India engages with Mexico over tariff hike of up to 50%

INDIA IS ENGAGED with Mexico over the South American nation's decision to unilaterally raise tariffs on a number of products to find mutually beneficial solutions, even as New Delhi reserves the right to take appropriate measures to safeguard the interests of its exporters, an official said on Saturday.

- PRESS TRUST OF INDIA

These duties are announced against countries that do not have free trade agreements with Mexico, including India, China, South Korea, Thailand and Indonesia. The official said that India, in fact, was engaged with Mexico during the initial tabling of a bill in this regard.

The Embassy of India in Mexico raised the issue with the Ministry of Economy on September 30, itself, seeking special concessions to shield Indian exports from the new tariffs.

"India values its partnership with Mexico and stands ready to work collaboratively toward a stable and balanced trade environment that benefits businesses and consumers in both countries," the official added.