India, Mexico agree to expand bilateral trade

New Delhi: India and Mexico agreed to expand and diversify the bilateral trade relationship to tap the potential of the complementarities between the two countries through enhanced cooperation in pharmaceuticals, medical equipment, healthcare, agro-products, fisheries, food processing and aerospace industry.

The fifth meeting of the India-Mexico Bilateral High Level Group on Trade, Investment and Cooperation (BHLG) was held on Monday through video conference.

The two sides appreciated the progress made in the bilateral trade and commercial relations between India and Mexico in the recent years, according to an official statement here on Tuesday.

The meeting was co-chaired by Commerce Secretary Dr Anup Wadhawan and Foreign Trade Vice Minister of of Mexico, Luz María de la Mora. Several Ministries, Departments and Business Chambers from both countries participated in the meeting.

Both sides discussed a number of bilateral ongoing and outstanding issues, ranging from Audio-visual Co-production, Bilateral Investment Treaty, market access for agricultural products, a cooperation framework on Sanitary and Phytosanitary (SPS) and Technical Barriers to Trade (TBT) measures between the two countries, co-operation in the Intellectual Property Rights, and exploring ways to promote tourism and people-to-people contact between India and Mexico.

In the meeting, two business to business MoUs were signed, to foster the cooperation in the respective domains.

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