India–Mexico PTA Negotiations Initiated

28 Oct 2026

On October 28, 2026, India and Mexico signed the Terms of Reference (ToR) to formally commence negotiations on a Preferential Trade Agreement (PTA).

Key Highlights

Nature of the Agreement: The two countries have not yet signed a final PTA, but have formally adopted the Terms of Reference defining the scope, procedure, modalities, and roadmap for the upcoming negotiations.
Primary Objective: To boost bilateral trade, investment flows, and commercial opportunities, alongside developing diversified and resilient supply chains.
Background: Prime Minister Narendra Modi and Mexican President Claudia Sheinbaum agreed to strengthen bilateral ties during the G7 Summit held in Canada in June 2025.
Bilateral Talks: Indian Commerce Secretary Rajesh Agrawal held discussions on trade and investment cooperation with Mexico's Vice Minister of Foreign Trade, Luis Rosendo Gutiérrez Romano.
Core Negotiation Topics: Market access for goods, rules of origin, customs procedures, trade facilitation, dispute settlement, and trade remedy measures.
Regulatory Provisions: The talks will cover Sanitary and Phytosanitary (SPS) measures as well as Technical Barriers to Trade (TBT).
Sectors of Cooperation: Automobiles, chemicals, electronics, pharmaceuticals, agrifood, energy, critical minerals, medical devices, and advanced manufacturing.
Global Supply Chain Impact: Mexico's integration into global value chains opens new market and manufacturing opportunities for Indian exporters and investors.
Terms of Reference (ToR): A foundational document establishing the subject matter, scope, procedures, and framework before launching formal trade agreement negotiations.