India, Mexico to hold joint commission meeting on Oct 21
India and Mexico will hold their two-day joint commission meeting here from October 21 to explore avenues for enhancing bilateral cooperation in diversified areas.
A number of agreements for cooperation are expected to be signed during the meeting.
The 20-member Mexican delegation, led by Lourdes Aranda Bezaury, vice Minister for foreign affairs, consists of officials of the ministries of trade, investment, culture, energy, tourism and science and technology. The Indian side will be led by Minister of state for external affairs, Rao Inderjit Singh.
Mexico has emerged as the largest destination for India’s exports to Latin America. In 2004, India’s exports to Mexico were 871 million dollars and this year, it is expected to cross one billion dollars.
Imports from Mexico in 2004 were 454 million dollars. The bulk of imports is crude oil.
More: newindpress.com
India, Mexico sign five accords
India and Mexico today signed five agreements for enhancing cooperation in education, science and technology and other areas, providing major impetus to bilateral ties.
The accords are on cooperation between diplomatic academies, cultural and educational exchange programmes for 2005-07, programme for cooperation in science and technology and for exemption of visa requirements for official and diplomatic passport holders.
They were signed after wide-ranging discussions between Minister of State for External Affairs Rao Inderjit Singh and visiting Mexican Vice-Minister for Foreign Affairs Lourdes Aranda Bezaury who led their respective delegations at the fourth India-Mexico Joint Commission
India, Mexico sign five agreements
The India-Mexico Joint Commission, which met on Friday after nine years, produced five agreements in foreign service training, culture, scientific cooperation, education and diplomatic and official visa exemptions.
Talking to this correspondent after the meeting here, Mexican Deputy Foreign Minister Lourdes Aranda Bezaury, who headed an 18-member delegation, said she also had an exchange of views with Minister of State for External Affairs Rao Inderjit Singh.
Need to work closely
Ms. Bezaury said there was need for the two countries to work closely on a wide range of issues given their size and power.
Already, they
Indo-Mexico trade set to reach new high
Bilateral trade between India and Mexico is expected to grow exponentially with exports from India poised for major growth in the coming years.
Aiming to boost trade ties between the two countries and diversify India's exports, businessmen from India and Mexico held several interactions during a three-day exhibition here, showcasing Indian engineering products, services and technologies. Besides issues relating to bilateral trade, they also explored possibility of joint ventures and the factors that inhibit the expansion of trade between the two countries.
Organized by Indian Export Promotion Council, the exhibition generated direct business
United States, Mexico, Canada Reiterate Commitment to NAFTA
Officials from the three North American nations reaffirmed their commitment to the North American Free Trade Agreement (NAFTA) as the cornerstone for strengthening regional competitiveness at a March 24 meeting of the NAFTA Free Trade Commission.
Since its implementation in 1994, NAFTA has facilitated strong economic growth and prosperity in the United States, Canada and Mexico.
U.S. Trade Representative Rob Portman, Mexican Secretary of Economy Sergio Garc�e Alba and Canada Minister of International Trade David Emerson discussed the changing global commercial environment and the implications for North America at the meeting in Acapulco, Mexico.
Following
Team India to miss A1 GP Mexico race
Team India is all set to miss the next race of the A1 Grand Prix to be held in Mexico this weekend.
A1 Grand Prix was expected to find sponsors for the Indian team which had lost its backing of Sahara Computers a few days ago but apparently the plan has not worked out.
The team, including driver Armaan Ebrahim and manager Akbar Ebrahim, were slated to leave for Mexico today but did not take the flight following the development.
Armaan has subsequently headed to the United Kingdom to take part in the Formula
Nova Chemicals forms joint venture in Mexico
NOVA Chemicals Corp. said on Friday it reached a joint venture agreement with privately-held Mexican firm Grupo Idesa to produce and distribution polystyrene for the construction and packaging industries in Mexico.
The new company, to be called Novidesa, will also distribute NOVA Chemicals' solid polystyrene in Mexico. The joint venture will be formed by a cashless transaction and is expected to begin operations by September.
More: ca.today.reuters.com
India-Mexico: A new high
India's new ambassador to Mexico Rajiv Bhatia was able to present his credentials to President Vicente Fox on September 28, barely three weeks after his arrival, and that too despite the fact that Fox was to leave for an official visit to Canada the next day.
"The fact that I was able to present my credentials so soon after my arrival is an indicator of the warmth and mutual respect in our relationship," Bhatia said in a telephone interview. "Our initial impressions are very positive. Clearly, Mexico is an important and influential country for India, very
Mexico to issue visas in 24 hours
The Mexican Embassy in New Delhi has been authorised to issue three-year multiple entry visas to Indian businessmen within 24 hours of their filing the application, said Lourdes Aranda, Mexican Deputy Minister for Foreign Relations, here.
Addressing an interactive meeting organised by the Federation of Indian Chamber of Commerce and Industry, she said Mexico was keenly looking forward to scaling its trade and economic relations with India and towards this end, "we have started negotiations with the Indian Government on a Bilateral Investment Protection and Promotion Agreement and a Double Taxation Avoidance Agreement, which
Fines against Coca-Cola in Mexico upheld
Mexico's federal competition commission has upheld a $15 million fine against Coca-Cola's Mexican subsidiary for anti-competitive practices.
The commission began investigating the company when a complaint was made in 2003 by Raquel Chavez, a Mexican shopkeeper. Ms Chavez claimed that her Coca-Cola supplier refused to sell to her shop when she began to stock a rival brand, Big Cola. The complaint led to the commission finding other similar incidents.
The fines have been imposed on 15 of the distributors and bottlers of Coca-Cola in the region and will be a victory for Ajegroup, the maker
UPDATE 1-Mexico 28-day T-bills edge lower to 9.60 pct
The yield on Mexico's benchmark 28-day Cetes, or T-bills, edged one basis point lower to 9.60 percent on Tuesday as investors expect the central bank to hold monetary policy steady at a policy meeting this week.
Longer-term rates moved lower, reflecting growing expectations that interest rates could come down in coming weeks.
T-bill rates have drifted slightly lower in recent weeks as the inflation fears eased and the central bank set an informal reference rate in the secondary market.
Mexico's central bank is due to hold its twice-monthly monetary policy review on Friday and most
