India and Mexico signed terms of reference for negotiations on a preferential trade agreement. The framework covers market access, customs, rules of origin and dispute settlement. The signing followed a visit by India’s commerce secretary to Mexico City, with a Mexican business mission to India also discussed for the first quarter of 2027.
India and Mexico signed terms of reference on October 28 to begin negotiations on a preferential trade agreement, according to India’s commerce ministry. The document establishes the scope and roadmap for the talks. It sets out subjects for negotiation rather than putting new tariff reductions into effect. Both governments are seeking a balanced agreement to deepen bilateral trade and economic relations.[1], [2]
The proposed scope includes market access for goods, rules of origin, customs procedures and trade facilitation. It also covers dispute settlement, health requirements for agricultural trade, technical barriers and trade remedies. Commerce Secretary Rajesh Agrawal visited Mexico City for two days and met Mexican Undersecretary of Foreign Trade Luis Rosendo Gutierrez Romano. Their discussions addressed investment and cooperation between businesses as well as trade.[1]
The process follows Narendra Modi and Claudia Sheinbaum’s agreement to deepen relations when the Indian prime minister and Mexican president met at the G7 summit in Canada in June 2025. Officials identified automobiles, pharmaceuticals and electronics among potential areas of cooperation. They also discussed a Mexican business mission to India in the first quarter of 2027 to arrange business meetings and explore commercial opportunities.[1]
