New Delhi, Dec. 12 -- Mexico's decision to sharply raise import duties on goods from countries without a free-trade agreement will significantly disrupt India's exports beginning January 1, 2026, according to a new report by the Global Trade Research Initiative (GTRI).

Mexico has announced to impose steep tariffs of up to 50% from January 1, 2026, on imports from non-FTA partners, sharply hitting Indian exports. The report said that nearly three-quarters of India's shipments to the Latin American economy will come under the revised duties.

GTRI highlighted that "nearly 75% of India's $5.75 billion exports to Mexico will be affected as tariffs jump from 0-15% to around 35%"

Under the new regime, Mexico will impose tariffs ranging from a...