2 hrs ago

India to Begin Preferential Trade Talks with Mexico Next Week

India plans to start trade agreement talks with Mexico next week.

A trade agreement can make it easier for countries to buy and sell some goods with each other.

India hopes to improve access for its exporters and find more markets.

Products India sells to Mexico include cars and car parts, medicines, engineering goods, chemicals and textiles.

India is also discussing trade agreements with several other partners.

Canada’s trade minister is expected to visit India while the two countries continue their own negotiations.

They aim to finish those negotiations by the end of 2026.

India’s commerce minister said the country is aiming for $1 trillion in exports this financial year.

Key facts

Agreement with Mexico: India plans to launch preferential trade agreement negotiations next week.
Products highlighted: Automobiles and auto components, pharmaceuticals, engineering goods, chemicals and textiles.
Other trade discussions: Talks are also underway with Israel, Chile, the Gulf Cooperation Council, the Southern African Customs Union, and countries in Central Asia and Eurasia.
Canada negotiations: India and Canada have expressed intent to conclude their Comprehensive Economic Partnership Agreement negotiations by the end of 2026.
India-Canada trade target: The two countries aim to double bilateral trade to $70 billion annually by 2030.
Export target: Goyal said India is aiming for $1 trillion in exports in the current financial year.
UK visit: UK Business and Trade Secretary Jonathan Reynolds is scheduled to visit India from October 12 to 16 with a delegation of about 200 people.

financialexpress.com · 2 hrs ago