New Delhi, Oct. 28 -- India and Mexico have formally launched negotiations for a Preferential Trade Agreement (PTA), setting a framework to expand bilateral trade, attract investment and strengthen supply chains, as the two countries seek to deepen economic cooperation across key sectors.

The negotiations began with the signing of the Terms of Reference (ToR) by Commerce Secretary Rajesh Agrawal and Mexico's Undersecretary of Foreign Trade Luis Rosendo Gutierrez Romano, according to the Ministry of Commerce and Industry.

The ToR lays down the framework, scope, modalities and roadmap for negotiations. The proposed agreement aims to create new business opportunities and promote investment flows through balanced and mutually beneficial ter...