EXCHANGE OF LETTERS BETWEEN THE GOVERNMENT OF INDIA
AND THE GOVERNMENT OF MEXICO CONCERNING SCOPE FOR EXPANSION OF TRADE
New Delhi, 1 November 1962
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
New Delhi 1st November, 1962
On the occasion of the visit to India of His Excellency the Minister of Commerce and Industry of the Government of Mexico, discussions
have taken place between the representatives of the Government of Mexico and the Government of India on the possibilities of expanding
the trade between the two countries and thus promoting closer economic relations between them. I have the honour to set forth the
conclusions reached during these discussions as follows:
(i) It was agreed that there was considerable scope for expansion of trade between the two countries and that, in particular, possibilities
existed for export, among other things, of cotton, zinc concentrates, other nonferrous metals, fertilisers, hides and skins and steel
plates from Mexico to India and of railway equipment, engineering goods including transmission towers and other electrical equipment,
pharmaceuticals and chemicals from India to Mexico besides the commodities traditionally exchanged hitherto between the two countries.
(ii) The two Governments should encourage and assist, subject to their respective laws and regulations, the firms and trading organisations
on both sides to realise these possibilities.
(iii) With this end in view, an industrial and trade delegation from Mexico should visit India in the near future to carry out a
detailed examination of the goods available in the two countries to meet each other's requirements and if possible, to conclude mutually
satisfactory arrangements for exchange of goods. A similar delegation from India will visit Mexico for the same purpose subsequently.
iv) To facilitate mutual trade, the two Governments may employ the agency of their respective governmental or semi-governmental organisations,
such as the Export Import Bank of Mexico and the State Trading Corporation of India.
I should be grateful if you would confirm that the above correctly sets out the understanding reached between us.
I avail myself of this opportunity to renew to your Excellency the assurances of my highest consideration.
Joint Secretary to the Government of India
H.E. Mr. Octavaio Paz
Ambassdor of Mexico
EMBAJADA DE MEXICO, NUEVA DELHI, INDIA
Dear Mr. Prasad
I write to acknowledge the receipt of your letter of today's date reads as follows :
I confirm that the foregoing correctly sets out the understanding between us.
I avail myself of this opportunity to renew to you the assurances of my highest consideration.
Ambassador of Mexico
Ministry of Commerce and Industry,
(Department of International Trade),
Government of India, New Delhi.