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Mexico tariff may impact $2 billion exports; India initiates talks for PTA
The New Indian Express Nagapattinam
|December 16, 2025
UNION Commerce Secretary Rajesh Agrawal said on Monday that India has already initiated technical discussions with Mexico from December 12 for a preferrential trade agreement (PTA) to address the challenge that could arise due to the tariff by Mexico.
As per the preliminary estimates, the tariff by Mexico could impact Indian exports worth $2 billion.
"Technical level talks are on ... The only fast way forward is to try to get a preferential trade agreement (PTA) because an FTA (free trade agreement) will take a lot of time. So we are trying to see what can be a good way forward," Agarwal said.
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