India, Mexico Talk Tariffs: FTA Could Avert 50% Duty

• India is negotiating with Mexico to address tariffs of up to 50% imposed by Mexico on products from several Asian countries, including India.
• Mexico's tariffs also affect China, South Korea, Thailand, and Indonesia, as these countries lack a Free Trade Agreement with Mexico.
• India's Commerce Department is in talks with Mexico's Ministry of Economy to find solutions compliant with global trade rules.
• India has raised concerns with Mexico's Ministry of Economy and seeks special concessions to protect its exporters.
• Both nations are considering initiating Free Trade Agreement (FTA) talks, which could exempt India from these tariffs.

Why It Matters: India's trade talks with Mexico are crucial to avoid tariffs, protecting its exports.