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India-Mexico relations refers to the diplomatic relations between India and Mexico. Both nations are members of the G-20 major economies and the United Nations.
Contents
History
In 1947, Mexico became the first Latin American nation to recognise the independence of India from the United Kingdom. On first 1 August 1950, both nations established diplomatic relations and on the following year, Mexico opened an embassy in Delhi. To show the importance of the new relations between the two nations, the first Mexican ambassador to India was former Mexican President Emilio Portes Gil. In 1962, Nobel Prize laureate Octavio Paz was named ambassador to India.
Over the years, diplomatic relations between the two nations have strengthened. Both nations have signed numerous bilateral agreements such as:
State visits
Head of State and Government Level Visits from India
Head of State and Government Level Visits from Mexico
Trade
Trade between the two nations has been steadily increasing on an average of 30% each year. Two-way trade between both nations amounted to US$ 6.3 billion in 2014. Mexico's main exports to India include: petroleum, machinery, fertilisers and chemicals while at the same time, India's exports to Mexico include: textiles, gems, jewellery, leather and software. A notable Mexican multi-national company operating in India is Cinépolis.