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🇮🇳IN

Trade Guide: India

India is a key supplier of pharmaceuticals, textiles, and chemicals. Learn about MFN tariffs, regulations, and logistics.

Key trade data

USD $10B

Annual bilateral trade

#1

Generic supplier

No FTA

MFN tariff

1,500+

Imported products

Bilateral trade relationship

India is a growing trading partner of Mexico with USD $10B in bilateral trade. India is the top supplier of generic pharmaceuticals and a major exporter of textiles, chemicals, and IT services. No bilateral FTA exists.

Top exports from Mexico

Petroleum

Chapter 27

USD $2.5B

Electronics

Chapter 85

USD $500M

Auto parts

Chapter 87

USD $300M

Copper

Chapter 74

USD $200M

Agricultural products

Chapter 8

USD $150M

Top imports from this country

Pharmaceutical products

Chapter 30

USD $2.5B

Organic chemicals

Chapter 29

USD $1.8B

Textiles and garments

Chapter 62

USD $1.2B

Steel and iron

Chapter 72

USD $800M

Auto parts

Chapter 87

USD $500M

Trade agreements

WTO (MFN)

No bilateral FTA. Most Favored Nation tariff applies.

GSP

Generalized System of Preferences with limited coverage.

Key regulations

  • COFEPRIS: Generic pharmaceutical registration
  • Countervailing duties on textiles and steel
  • NOM-072-SSA1: Medication labeling
  • Controlled chemical substance regulations
  • GMP (Good Manufacturing Practice) certificates

Logistics and transport

Maritime

Transit time: 30-40 days

Main ports

  • Mumbai (Nhava Sheva)
  • Chennai
  • Manzanillo
  • Lazaro Cardenas

Air

Transit time: 18-22 hours

Main ports

  • Delhi Indira Gandhi
  • Mumbai
  • Mexico City AICM

Business cultural tips

  • Patience is fundamental — decision processes can be long
  • Personal relationships and trust are essential
  • Price negotiation is a normal part of the process
  • India's cultural diversity requires regional sensitivity
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