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In response to the impact of Donald Trump's tariff policy, India is speeding up trade negotiations with Canada and Mexico. All three economies are seeking new markets and partners. According to people familiar with the matter, Inca negotiators plan to hold the fifth round of negotiations on October 5 to consolidate the results of discussions that ended last week. According to The Globe and Mail, quoting New Delhi envoy Dinesh Patnaik, the two sides are likely to sign an agreement in December. Indian Prime Minister Narendra Modi is expected to visit Canada at that time. Meanwhile, people familiar with the matter say New Delhi is finalizing a framework with Mexico to begin formal trade negotiations. As discussions are confidential, people familiar with the matter requested anonymity. They said that as all three countries seek diversified commercial ties, officials are trying to make faster progress in trade negotiations. India's Ministry of Commerce and Industry did not respond to requests for comment. Mexico's Ministry of Economy, which is responsible for the country's trade negotiations, said it is currently analyzing potential agreements, but has not proposed a specific or final plan.
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In response to the impact of Donald Trump's tariff policy, India is speeding up trade negotiations with Canada and Mexico. All three economies are seeking new markets and partners. According to people familiar with the matter, Inca negotiators plan to hold the fifth round of negotiations on October 5 to consolidate the results of discussions that ended last week. According to The Globe and Mail, quoting New Delhi envoy Dinesh Patnaik, the two sides are likely to sign an agreement in December. Indian Prime Minister Narendra Modi is expected to visit Canada at that time. Meanwhile, people familiar with the matter say New Delhi is finalizing a framework with Mexico to begin formal trade negotiations. As discussions are confidential, people familiar with the matter requested anonymity. They said that as all three countries seek diversified commercial ties, officials are trying to make faster progress in trade negotiations. India's Ministry of Commerce and Industry did not respond to requests for comment. Mexico's Ministry of Economy, which is responsible for the country's trade negotiations, said it is currently analyzing potential agreements, but has not proposed a specific or final plan.
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