91 killed in massive Indonesia quake
Jakarta, Aug 6 : At least 91 people were killed and hundreds others injured in a massive quake measuring 7 on the Richter scale that struck Indonesia's Lombok Island, authorities said on Monday.
The shallow quake on Sunday evening that occured only 10 km underground, comes a week after another temblor hit Lombok, popular with tourists who visit its beaches and hiking trails, killing 16 people.
It was followed by about 130 aftershocks, some over magnitude 5. A tsunami warning was issued but was lifted after a few hours. The earthquake was also felt in neighbouring Bali as well as some parts of East Java.
The Indonesian National Board for Disaster Management (BNPB) on Monday morning sent a search and rescue team to the affected area, reports Efe news.
Most fatalities were caused by the collapse of buildings, according to the BNPB, which added that hundreds of the injured have to be treated outside hospitals because of the poor condition of the buildings.
"The main focus at this time is the search, rescue and assistance to people affected by the earthquake and meeting their basic needs," the BNPB said, pointing out the urgent needs for medical personnel, clean water, food, blankets and medicine.
BNPB spokesperson Sutopo Purwo Nugroho said 1,000 domestic and foreign tourists were evacuated. President Joko Widodo said the government will compensate victims whose houses were ruined by the quake, reports The Jakarta Post.
"As (the President) and on behalf of Indonesian citizens, I express deep sorrow for the lives that were lost during the earthquake," Joko said.
Indonesia is prone to earthquakes because it lies on the Ring of Fire - the line of frequent quakes and volcanic eruptions that circles virtually the entire Pacific rim, the BBC reported.
More than half of the world's active volcanoes above sea level are part of the ring.
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India proposes preferential trade agreement with Mexico to deal with high tariffs
New Delhi (PTI): India has proposed a preferential trade agreement (PTA) with Mexico to help domestic exporters deal with the steep tariffs announced by the South American country, a top government official said on Monday.
Mexico has decided to impose steep import tariffs - ranging from about 5 per cent to as high as 50 per cent on a wide range of goods (about 1,463 tariff lines) from countries that do not have free trade agreements with Mexico, including India, China, South Korea, Thailand and Indonesia.
Commerce Secretary Rajesh Agrawal said that India has engaged with the country on the issue.
"Technical level talks are on...The only fast way forward is to try to get a preferential trade agreement (PTA) because an FTA (free trade agreement) will take a lot of time. So we are trying to see what can be a good way forward," he told reporters here.
While in an FTA two trading partners either significantly reduce or eliminate import duties on maximum number of goods traded between them, in a PTA, duties are cut or removed on a limited number of products.
Trading partners of Mexico cannot file a compliant against the decision on imposing high tariffs as they are WTO (World Trade Organisation) compatible.
The duties are within their bound rates, he said, adding that their primary target was not India.
"We have proposed a PTA because its a WTO-compatible way forward... we can do a PTA and try to get concessions that are required for Indian supply chains and similarly offer them concessions where they have export interests in India," Agrawal said.
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Citing support for local production and correction of trade imbalances, Mexico has approved an increase in MFN (most favoured nation) import tariffs (5-50 per cent) with effect from January 1, 2026 on 1,455 tariff lines (or product categories) within the WTO framework, targeting non-FTA partners.
Preliminary estimates suggest that this affects India's around USD 2 billion exports to Mexico particularly -- automobile, two-wheelers, auto parts, textiles, iron and steel, plastics, leather and footwear.
The measure is also aimed at curbing Chinese imports.
India-Mexico merchandise trade totalled USD 8.74 billion in 2024, with exports USD 5.73 billion, imports USD 3.01 billion, and a trade surplus of USD 2.72 billion.
The government has been continuously and comprehensively assessing Mexico's tariff revisions since the issue emerged, engaging stakeholders, safeguarding the interests of Indian exporters, and pursuing constructive dialogue to ensure a stable trade environment benefiting businesses and consumers in both countries.
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Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai has said that Mexico's decision is a matter of concern, particularly for sectors like automobiles and auto components, machinery, electrical and electronics, organic chemicals, pharmaceuticals, textiles, and plastics.
"Such steep duties will erode our competitiveness and risk, disrupting supply chains that have taken years to develop," Sahai said, adding that this development also underlines the little urgency for India and Mexico to fast-track a comprehensive trade agreement.
Domestic auto component manufacturers will face enhanced cost pressures with Mexico hiking duties on Indian imports, according to industry body ACMA.
