India, Mexico Sign Framework to Begin Preferential Trade Talks.
What Happened
India and Mexico have signed terms of reference to launch negotiations for a preferential trade agreement, India’s Commerce Ministry announced on October 28, 2026. The document defines the scope, procedures and roadmap for the talks. It establishes a negotiating framework, rather than a completed trade pact or agreed tariff concessions.
Key Takeaways
The signing moves the proposed agreement into formal negotiations. It does not itself deliver preferential market access: the products covered and any tariff concessions remain matters for negotiation.