EconomyPress Information Bureau · official
India and Mexico launch Negotiations for Preferential Trade Agreement, Sign Terms of Reference
BANKING · UPSC · SSC
Mexico and India take an important step towards strengthening their economic and trade relations with the signing of the Terms of Reference for negotiations on a Preferential Trade Agreement (PTA), which establish the framework, scope, modalities and roadmap for negotiations aimed at creating new economic opportunities for both countries.
Exam-ready takeaways
- The initiative follows the understanding reached between Prime Minister Shri Narendra Modi and President Dr. 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.
- Both sides further discussed the possibility of organising a Mexican business mission to India during the first quarter of 2027.
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