India, Mexico may start discussion on trade deal

EARLIER THIS WEEK, MEXICO APPROVED UP TO 50% TARIFFS ON IMPORTS FROM COUNTRIES WITH WHICH THE NATION DOES NOT HAVE PREFERENTIAL TRADE TIES

- Rajeev Jayaswal

India and Mexico may consider launching formal bilateral trade negotiations that would help to ringfence Indian goods from proposed high Mexican tariffs on shipments from countries that do not have any preferential trade ties with the North American country, people in the know said.

The high tariffs on Indian goods are an unintended fallout of Mexico's move, which is actually aimed at curbing imports from China, the nation's second largest source of imports after the US with over $130 billion in annual shipments, these people said, requesting anonymity. In comparison, India's merchandise exports to Mexico in 2024-25 were worth less than $6 billion.