Economic ministers from Mexico and India agreed today on a plan to bolster bilateral trade relations. Indo-Mexican trade has increased by 600 percent in the last 6 years, totaling about $530 million through March in this fiscal year alone. The countries announced in New Delhi today that they would set up a group of senior government officials to work out details of an investment promotion and protection agreement.
Mexico's Economic Minister, Eduardo Sojo Garza-Aldape, and India's Commerce Minister, Kamal Nath, will co-chair the group negotiating the details of the agreement.
Sources: India, Mexico Seek to Boost Trade (AP, Forbes), India Looks for a Window in NAFTA through Mexico (The Hindu), and India, Mexico sign investment protection agreement (Economic Times, India)
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