CURRENT AFFAIRS

Detailed explanation-1: -India and Mexico have agreed to expand and diversify bilateral trade ties and tap the potential of the synergies between the two nations through enhanced cooperation in the pharmaceuticals, medical equipment, healthcare, agro-products, fisheries, food processing and aerospace industry etc.

Detailed explanation-2: -Mexico has 13 Free Trade Agreements (FTAs) with 50 countries-including USMCA and FTAs with the European Union, European Free Trade Area, Japan, Israel, 10 countries in Latin America, and the 11-country Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

Detailed explanation-3: -FT (NAFTA) Division of the Department of Commerce deals with India’s bilateral trade with United States of America, Canada and Mexico.

Detailed explanation-4: -and an issues-free relationship, India and Mexico have collaborated together closely on most major global issues, such as nuclear disarmament, climate change, trade, and global economic architecture. They elevated their ties to ‘Privileged Partnership’ during President Calderon’s state visit to India in 2007.

Detailed explanation-5: -India-Mexico relations have consistently been friendly, warm and cordial, characterised by mutual understanding and growing bilateral trade and all-round cooperation.