Let's do a trade tango with Mexico
Let's do a trade tango with Mexico
- Mexico is fast emerging as a major trade partner for India. India’s exports to Latin America as a whole declined in 2016. But exports to Mexico have increased by an impressive 22 per cent from last year ($2.77 billion) and doubled from $1.56 billion in 2012. (see table) In Latin America, Mexico overtook Brazil ($2.3 billion) in 2016 as the largest market for India's exports.
- Mexico is fast emerging as a major trade partner for India. India’s exports to Latin America as a whole declined in 2016. But exports to Mexico have increased by an impressive 22 per cent from last year ($2.77 billion) and doubled from $1.56 billion in 2012. (see table) In Latin America, Mexico overtook Brazil ($2.3 billion) in 2016 as the largest market for India's exports.
The
context is hugely significant. Mexico is keen to strengthen its
economic partnership with large markets such as India, after Donald
Trump’s trade threats.
The Mexican ambassador to
India has invited Indian IT professionals to use Mexico as the base for
near-shore US operations, after Trump’s H-1B visa restrictions.