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India opposes Mexico’s 50% tariffs on exports: Report
The Centre has objected to Mexico announcing up to 50% tariffs on Indian exports, saying it might take “appropriate measures” to protect exporters, Republic reported. The Centre has reportedly also said it’ll continue diplomatic efforts to reverse the move, which it said is not in synchronisation with “spirit of cooperative economic engagement”. Mexico’s tariffs will likely hit 1,400 products.
The move by Mexico has been termed as “unilateral” and “discriminatory” by India. The Centre has said that such a move would not only affect Indian exporters but also have an adverse impact on the overall trade relationship between the two countries. India has been one of the largest trading partners of Mexico, with bilateral trade valued at over $10 billion.
The Centre has also said that it will continue to engage with Mexico to find a mutually beneficial solution. However, if the tariffs are not reversed, India might be forced to take retaliatory measures to protect its exporters. The move is seen as a major setback for Indian exporters, who have been trying to increase their presence in the Mexican market.
The tariffs announced by Mexico cover a wide range of products, including textiles, chemicals, and pharmaceuticals. Indian exporters have been exporting these products to Mexico, and the tariffs will make it difficult for them to compete with other countries. The move is also seen as a major blow to the “Make in India” initiative, which aims to promote Indian manufacturing and exports.
The Centre has said that it will work closely with Indian exporters to find alternative markets for their products. However, the move by Mexico is seen as a major challenge for Indian exporters, who have been trying to increase their presence in the global market.
The tariffs announced by Mexico are also seen as a major setback for the overall trade relationship between India and Mexico. The two countries have been trying to increase trade and investment in recent years, and the move by Mexico is seen as a major obstacle to these efforts. India has been one of the largest trading partners of Mexico, and the tariffs will have an adverse impact on the overall trade relationship between the two countries.
The Centre has said that it will continue to engage with Mexico to find a mutually beneficial solution. However, if the tariffs are not reversed, India might be forced to take retaliatory measures to protect its exporters. The move is seen as a major challenge for Indian exporters, who have been trying to increase their presence in the global market.
In recent years, India and Mexico have been trying to increase trade and investment in various sectors, including manufacturing, services, and agriculture. The two countries have signed several agreements to promote trade and investment, including a free trade agreement. However, the move by Mexico to impose tariffs on Indian exports is seen as a major setback to these efforts.
The Centre has said that it will work closely with Indian exporters to find alternative markets for their products. However, the move by Mexico is seen as a major challenge for Indian exporters, who have been trying to increase their presence in the global market. The tariffs announced by Mexico cover a wide range of products, including textiles, chemicals, and pharmaceuticals.
Indian exporters have been exporting these products to Mexico, and the tariffs will make it difficult for them to compete with other countries. The move is also seen as a major blow to the “Make in India” initiative, which aims to promote Indian manufacturing and exports. The Centre has said that it will continue to engage with Mexico to find a mutually beneficial solution.
However, if the tariffs are not reversed, India might be forced to take retaliatory measures to protect its exporters. The move is seen as a major challenge for Indian exporters, who have been trying to increase their presence in the global market. The tariffs announced by Mexico are also seen as a major setback for the overall trade relationship between India and Mexico.
The two countries have been trying to increase trade and investment in recent years, and the move by Mexico is seen as a major obstacle to these efforts. India has been one of the largest trading partners of Mexico, and the tariffs will have an adverse impact on the overall trade relationship between the two countries.
In conclusion, the move by Mexico to impose tariffs on Indian exports is seen as a major setback for Indian exporters and the overall trade relationship between the two countries. The Centre has said that it will continue to engage with Mexico to find a mutually beneficial solution. However, if the tariffs are not reversed, India might be forced to take retaliatory measures to protect its exporters.
The move is seen as a major challenge for Indian exporters, who have been trying to increase their presence in the global market. The tariffs announced by Mexico cover a wide range of products, including textiles, chemicals, and pharmaceuticals. Indian exporters have been exporting these products to Mexico, and the tariffs will make it difficult for them to compete with other countries.
The Centre has said that it will work closely with Indian exporters to find alternative markets for their products. However, the move by Mexico is seen as a major blow to the “Make in India” initiative, which aims to promote Indian manufacturing and exports. The Centre has said that it will continue to engage with Mexico to find a mutually beneficial solution.
The move by Mexico is also seen as a major setback for the overall trade relationship between India and Mexico. The two countries have been trying to increase trade and investment in recent years, and the move by Mexico is seen as a major obstacle to these efforts. India has been one of the largest trading partners of Mexico, and the tariffs will have an adverse impact on the overall trade relationship between the two countries.
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