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मंगलवार, 28 मार्च 2017

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.
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.