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India – Mexico bilateral relations
India – Mexico bilateral relations
Introduction
Mexico–India relations (Spanish: Relaciones India-México), also called Mexican-Indian relations or Indo- Mexican relations, refers to the diplomatic relations between India and Mexico. Both nations are members of the G-20 major economies and the United Nations.
Bilateral Agreements
Both nations have signed numerous bilateral agreements such as an:
- Agreement on Cultural Cooperation (1975);
- Agreement on Scientific and Technical Cooperation (1975);
- Agreement on Economic and Financial Cooperation (1982);
- Agreement on Touristic Cooperation (1996);
- Memorandum of Understanding on Communication Cooperation (1996);
- Agreement on Cultural and Educational Exchanges (2005);
- Agreement on Visa Exemption for Official and Diplomatic Passports (2005);
- Extradition treaty (2006);
- Agreement on the Promotion and Reciprocal Protection of Investments (2007);
- An Air service agreement (2008).
Trade
In 2018, two-way trade between both nations amounted to US$10 billion. India’s main exports to Mexico include: textiles, gems, jewelry, leather and software. Mexico’s main exports to India include: petroleum, machinery, fertilizers and chemicals. Several Mexican multinational companies operate in India such as Cinépolis, Gruma, Grupo Bimbo, KidZania, and Nemak. Approximately 174 Indian companies invest and operate in Mexico.
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