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Key Points

PM Modi and Mexico’s President Sheinbaum held their first meeting at the G7 summit, focusing on strengthening ties. Both leaders highlighted potential in tech, healthcare, and trade, with Modi inviting Sheinbaum to India. Bilateral trade reached $8.6 billion last year, signaling strong economic ties. Sheinbaum praised India’s digital advancements and expressed interest in deeper collaboration.

Key Points: Modi and Mexico's Sheinbaum Boost India Ties at G7 Meeting

  • Modi and Sheinbaum discussed tech, pharma, and trade cooperation
  • Bilateral trade hit $8.6B in 2023
  • Sheinbaum praised India’s digital progress
  • Modi invited her for an official India visit
3 min read

PM Modi, Mexico President Sheinbaum 'strengthen relations', explore increasing cooperation

PM Modi and Mexico’s President Sheinbaum strengthen bilateral ties, exploring cooperation in tech, trade, and healthcare at G7 sidelines.

"We both see immense potential in India-Mexico ties growing even stronger in the times to come. – PM Narendra Modi"

Kananaskis, June 18

Prime Minister Narendra Modi and Mexico's President Claudia Sheinbaum Pardo on Tuesday "strengthened" the relationship between the two countries of the Global South and explored how to increase cooperation between the two countries when they met on the sidelines of the G7 meeting here.

Sheinbaum said on social media platform X that during the meeting, "we strengthened our relationship."

"Investments in scientific and technological development" are the drivers of cooperation, she said in her X post in Spanish.

PM Modi said on X, "We both see immense potential in India-Mexico ties growing even stronger in the times to come, especially in sectors like agriculture, semiconductors, critical minerals, healthcare and more. We also talked about ways to enhance people-to-people ties."

Calling it a "good meeting", he added that he "personally congratulated her on her historic electoral win, becoming the first female Mexican President in two centuries".

Ministry of External Affairs Spokesperson Randhir Jaiswal posted on X that they "discussed avenues to further deepen India-Mexico cooperation in trade, pharmaceuticals, science and technology, digital innovation and (they) shared perspectives on key global and regional issues, including priorities of the Global South".

This was the first meeting between PM Modi and Sheinbaum, who was elected Mexico's President last year.

PM Modi posted on X that he also met with South Africa's President Cyril Ramaphosa and Australia's Prime Minister Anthony Albanese.

There was a big boost to relations between Mexico and India when PM Modi visited Mexico in 2016 and they agreed to raise their diplomatic ties from a "Privileged Partnership" to a "Strategic Partnership".

The growing opportunities in the pharmaceutical sector, where India can play an important role in supplying and producing affordable quality medicines and other pharmaceutical products, as also in agricultural and holistic health, figured prominently in the discussions between PM Modi and President Sheinbaum.

The Bilateral trade between the two countries reached $8.6 billion in 2023.

Mexico serves as one of the main trade gateways to Latin America.

An important milestone was reached between India and Mexico in the field of science and technology when a memorandum of understanding between India's Council of Scientific and Industrial Research (CSIR) and Mexican Agency for International Development Cooperation (AMEXCID) was signed when Marcelo Ebrard visited New Delhi in 2023 when he was the Foreign Affairs Secretary.

President Sheinbaum was appreciative of India's strides in technology, innovation and digital public infrastructure and expressed desire for cooperation with India in these areas.

Prime Minister Modi underlined that the two countries should explore collaboration in the fields of semiconductors, Artificial Intelligence, Quantum and critical minerals.

The leaders also noted upcoming engagements between the think-tank communities of the two sides, and the vibrant cultural and people-to-people ties between the two countries, which will promote tourism flows as well.

Prime Minister also extended an invitation to President Sheinbaum to visit India.

- IANS

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Reader Comments

R
Rahul K.
Great to see India strengthening ties with Mexico! The focus on semiconductors and critical minerals is especially important for our tech industry. More such partnerships will help reduce our dependence on China. 🇮🇳🤝🇲🇽
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Priya M.
As someone working in pharma sector, this is exciting news! Mexico could be a huge market for Indian generic medicines. Hope this leads to more affordable healthcare options globally. Our PM is making smart moves.
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Arjun S.
While I appreciate the diplomatic efforts, I hope these agreements actually benefit common people. Sometimes these MoUs remain only on paper. Would like to see concrete results in trade and job creation.
S
Sunita P.
Mexico recognizing our digital public infrastructure is a proud moment! UPI and other Indian tech innovations deserve global appreciation. Maybe we can learn from their agricultural practices too - exchange of knowledge should go both ways.
V
Vikram J.
$8.6 billion trade is good but we can do much better! Mexico is gateway to entire Latin America - our businesses should take advantage. Also, would love to see more Mexican food and culture in India. Tacos and dosa diplomacy anyone? 😄
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Neha R.
Interesting that both leaders are scientists by training! This could lead to meaningful S&T collaboration. Hope our students get more exchange opportunities with Mexican universities. The Global South needs to stick together against Western dominance.

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