New Delhi: India and Mexico have begun talks for a free trade agreement (FTA) to resolve issues arising out of the new tariffs imposed by Mexico, and terms of reference for the pact are expected to be firmed up soon, officials said.The development comes as Mexico has announced up to 50% tariffs on imports from non-preferential trade partners, including India, from January 1 next year. “India is already engaged with Mexico for a trade agreement. The terms of reference could be finalised soon,” said an official, who did not wish to be identified. Mexico reached out to India for a pact to strengthen bilateral trade relations and initial discussions have been held, according to the official. The terms of reference set the framework and scope for the FTA negotiations.Mutually Beneficial Solutio

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