Louvre to remain closed one day after jewel heist
Paris(AP/PTI): The Louvre said on Monday it would remain closed a day after historic jewels were stolen from the world's most-visited museum in a daring daylight heist.
The museum's staff asked dozens of visitors who were queuing in front of the glass pyramid entrance to leave the site. In a message posted on the social media, the Louvre said visitors who have booked tickets will be refunded. It did not provide additional details.
On Sunday, thieves rode a basket lift up the Louvre's facade, forced a window, smashed display cases and fled with priceless Napoleonic jewels, officials said.
The theft about 30 minutes after the museum opened, with visitors already inside, was among the highest-profile museum thefts in living memory.
It unfolded just 250 meters from the Mona Lisa, in what Culture Minister Rachida Dati described as a professional, four-minute-long operation.
French Justice Minister Gerald Darmanin acknowledged security failures on Monday.
“One can wonder about the fact that, for example, the windows hadn’t been secured, about the fact that a basket lift was on a public road,” he said on France Inter radio. “Having (previously) been interior minister, I know that we cannot completely secure all places, but what is certain is that we have failed.”
Culture Minister Rachida Dati said investigators are working on evidence found at the scene.
“We did find a motorcycle and it has a license plate,” Dati said on news broadcaster CNews. “I also want to pay tribute to the security officers who prevented the basket lift from being set on fire. One of the criminals tried to set it on fire, but they forced him to flee. This allowed us to recover evidence at the scene.”
Dati stressed that a decade-long “Louvre New Renaissance” plan that was launched earlier this year includes security improvements. “When the Louvre Museum was designed, it was not meant to accommodate 10 million visitors,” she said.
The plan calls for €700 million ($760 million), also intended to modernise infrastructure, ease crowding and give the Mona Lisa a dedicated gallery by 2031.
Around 9:30 a.m. on Sunday, several intruders forced a window, cut panes with a disc cutter and went straight for the glass display cases, officials said. Interior Minister Laurent Nunez said the crew entered from outside using a basket lift via the riverfront facade to reach the hall with the 23-item royal collection.
Their target was the gilded Apollon Gallery, where the Crown Diamonds are displayed. The thieves smashed two display cases and fled on motorbikes, Nunez said. No one was hurt. Alarms brought Louvre agents to the room, forcing the intruders to bolt, but the theft was already done.
Eight objects were taken, according to officials: a sapphire diadem, necklace and single earring from a matching set linked to 19th-century French queens Marie-Amélie and Hortense; an emerald necklace and earrings from the matching set of Empress Marie-Louise, Napoleon Bonaparte’s second wife; a reliquary brooch; and Empress Eugénie’s diadem and her large corsage-bow brooch, a prized 19th-century imperial ensemble.
One object, the emerald-set imperial crown of Napoleon III’s wife, Empress Eugénie, containing more than 1,300 diamonds, was later found outside the museum, French authorities said.
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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.
