The Terms of Reference, adopted after the G‑7 summit, detail the roadmap for negotiations, covering market access, rules of origin, customs procedures, and dispute settlement.
The partnership targets sectors where both economies have complementary strengths: automotive, pharmaceuticals, electronics, chemicals, and advanced manufacturing. Commerce Secretary Rajesh Aggarwal told reporters that Mexico’s robust supply chains could help Indian firms diversify sourcing, while Indian expertise in electronics could boost Mexican exports.
Mexican Deputy Minister of Foreign Trade Luis Rosendo Gutierrez Romano joined the talks, echoing Minister Marcelo Ebrard’s call for deeper economic ties. Both sides also discussed a Mexican business delegation’s visit to India in early 2027, designed to facilitate B2B meetings and identify new opportunities.
Negotiations are set to progress through the first quarter of 2027, with both governments expected to finalize the PTA framework by mid‑2026. The next milestone will be a joint working group meeting in September to finalize tariff reductions and implementation timelines.