In brief
Mexico and India launched negotiations for a preferential trade agreement on Oct. 28, 2026, according to the Saudi Press Agency. The talks cover major sectors like automotive and electronics, aiming to grow trade flows, encourage investment and build resilience in supply chains. Both governments see the deal as a chance to access each other’s large markets and strengthen global value‑chains.
On Oct. 28, 2026, Mexico and India launched negotiations for a bilateral trade agreement, the Saudi Press Agency reported. The talks were activated in Mexico City after both countries signed a memorandum of understanding.
The memorandum, issued by Mexico’s Ministry of Economy, outlined the framework, scope and roadmap for the negotiations, the agency said. It also established a Terms of Reference to guide the talks.
According to the agency, the agreement will cover key sectors such as automotive, chemicals, electronics, pharmaceuticals, agri‑food, energy, critical minerals, medical devices and advanced manufacturing. The goal is to deepen economic ties, expand trade, encourage investment and build flexible supply chains.
Both governments said the accord would let Mexican products reach the Indian market, one of the world’s largest, and allow Indian exporters and investors easier access to Mexico. The alliance aims to use each side’s strengths to boost global value‑chain linkages, SPA said.
The Mexican and Indian economies are already linked through several trade deals. Prior to this, both countries enjoyed a growing exchange of goods and services that reached up to $8 billion annually, an agency figure. The new talks aim to raise that total by adding preferential tariff rates on items like cars, electronic parts and medical equipment.
Negotiators will meet repeatedly over the next year to negotiate the details. Mexico’s trade officials expect the agreement to be signed sometime in 2028, at which point the two nations could see a 15 percent rise in trade volumes, the agency said.
Small and medium‑sized firms in Mexico and India hope the agreement will give them better market access and support from both governments, the agency remarked.
