India, Mexico launch negotiations for preferential trade agreement

What happened: India and Mexico formally launched negotiations for a preferential trade agreement, signing terms of reference that define the scope and framework for talks on expanding bilateral trade and investment. Key numbers: Bilateral merchandise trade was about $7.83 billion in FY26, with India's surplus around $3.62 billion. Why it matters: The talks are part of India's broader push for bilateral trade deals to bolster exports as geopolitical conflicts force a realignment of global supply chains. Mexico is seen as an important market because of its links to global value chains.

India and Mexico formally launched negotiations for a preferential trade agreement, signing terms of reference that define the scope and framework for talks on expanding bilateral trade and investment.

The talks are part of India's broader push for bilateral trade deals to bolster exports as geopolitical conflicts force a realignment of global supply chains. Mexico is seen as an important market because of its links to global value chains.