Venezuelan President survives drone assassination attempt
Caracas, Aug 5 : Venezuelan President Nicolas Maduro has survived what he called an "attempt against his life" involving explosive drones, blaming far-right elements and Colombia's outgoing President Juan Manuel Santos for carrying out the foiled assassination bid.
Maduro was evacuated from a stage on Saturday during a speech at an event event to commemorate the 81st anniversary of the Bolivarian National Guard here after what authorities concluded was an attempted "terrorist attack against the President", reports CNN.
Two drones loaded with explosives went off near the podium from where the President was speaking, Communications Minister Jorge Rodriguez confirmed to the media.
Just few hours after the incident, Maduro appeared on national television saying that as he was mid-speech in the event when a device exploded right in front of him.
"A flying object exploded near me, a big explosion. Seconds later there was a second explosion," he said, adding that he initially thought it was fireworks as part of the parade.
Maduro said the investigation into the incident started immediately and that some of those involved in the attack had been captured and charged, although he did not specify the charges against them.
The President also said that authorities were able to obtain evidence of the attack and said the investigation was in an advanced stage.
It was "an attempt to kill me, they have tried to assassinate me today", he added.
"The preliminary investigation indicates that many of those responsible for the attack, the financiers and planners, live in the US in the state of Florida," Maduro said.
"I hope the (President Donald) Trump administration is willing to fight terrorist groups that commit attacks in peaceful countries in our continent, in this case Venezuela."
Venezuela's attorney general, Tarek William Saab, told CNN he ordered an investigation into the incident.
The Venezuelan government has long blamed Colombia for plotting overthrows and, and far-right elements in Bogota and Miami for attempting to undercut Maduro.
Ivan Duque takes over as the Colombian President next week. The Colombian government however, has denied any involvement, saying there is "no basis" to Maduro's allegations.
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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.
