Mexico Seeks to Boost Trade Ties
The top Mexican envoy in Seoul believes that President Roh Moo-hyun’s visit to Mexico will help the two countries establish a “strategic partnership.’’
“Mexican President Vicente Fox will tackle many bilateral issues with President Roh during the summit meeting in Mexico,’’ Mexican Ambassador to Seoul Leandro Arellano said in a recent interview with The Korea Times. “Among others, they are going to discuss how to establish a strategic partnership between the two countries.’’
The ambassador said that Mexico and South Korea have developed relations in a remarkable way and it is time to upgrade the level of relations.
Arellano, who presented his credentials to Roh on May 17, has noted increased economic exchanges between the two countries.
“Since Mexico opened its economy in the early 1990s, trade with South Korea has increased very much,’’ he continued. “Now Korea is the sixth largest trading partner with Mexico.’’
Predicting deeper and closer partnership for the future, he was sure that the strategic partnership between the two countries will be realized before long.
More: times.hankooki.com
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
Schwarzenegger emphasizes cooperation with Mexico
Stressing his love of the country to the south, Gov. Arnold Schwarzenegger emphasized his goal of stronger ties with Mexico in his weekly radio address Saturday.
Looking to boost his image with Hispanics at home, Schwarzenegger visited Mexico on Friday, meeting with his Baja California counterpart in talks on security and immigration.
"Mexico is our Number One trading partner, and I am proud that we have increased trade with Mexico by 16 percent last year alone," Schwarzenegger said Saturday. "Our trade relationship supports as many as 200,000 California jobs and generates nearly $160 billion for our economy."
Schwarzenegger and
Idaho officials heading to Mexico to boost trade with state
Idaho business and political leaders traveling to Mexico next month for a trade mission want to lure more rich foreign tourists to the state, boost exports of products such as software and help put an end to Mexican trade restrictions on fresh potatoes that have dented sales of Idaho's trademark tuber.
The trip is set for Dec. 3 through Dec. 10, and a delegation of 68 people will accompany Gov. Dirk Kempthorne, who earlier this year spent two weeks in Asia on a trade mission to that region.
This is the fourth
Trade Mission builds Texas-Mexico business ties
For a sixth summer, Texas officials headed south for a trade mission to Mexico, focusing on developing energy-related trade between Texas and its southern neighbor.
"It went exceedingly well," said Victor Carrillo, chairman of the Railroad Commission and leader of the recent mission. "From my perspective, it was one of the most well-attended of the trade missions."
In fact, he said, "we're already making plans for next year."
His visit earlier this month continued a tradition begun by former Railroad Commissioner Charles Matthews, who saw the potential in cooperation between the Lone Star State and
Korea, Mexico Shake Hands on Strategic Partnership
President Roh Moo-hyun and his Mexican counterpart Vincente Fox on Friday (local time) agreed to form, a strategic partnership between their countries.
The two heads of state also agreed to sign a strategic economic complementation agreement (SECA) as soon as possible to facilitate trade and investment between the two nations. A SECA is less extensive than a free trade agreement and requires tariffs on particular items to be lifted through negotiations. Mexico has an FTA with Japan but is reluctant to form one with Korea because it worries it would increase its trade deficit.
Mexico's Fox Seeks to Use Oil Revenue to Cut International Debt
Mexican President Vicente Fox's proposed spending plan for 2006 seeks to use revenue from record high oil prices to reduce the nation's international debt to its lowest in more than three decades.
``High oil revenue has a non-recurring nature, so we must use it to strengthen our infrastructure or save it to mitigate the impact of a possible decline in oil prices on public finances and the national economy,'' Fox, 63, said in a message to legislators in the budget.
Fox's plan would allow Mexico, the world's sixth-largest oil
Mexico Min To Skip Mercosur Summit; Seeks Membership-Envoy
Mexico's foreign minister will not attend this week's summit of Mercosur nations as originally planned, although the nation remains interested in gaining an associate membership in South America's main trade block, the Mexican ambassador said Wednesday.
"Minister (Luis Ernesto) Derbez has an important meeting about Central American integration at the same time," Mexico's ambassador to Uruguay, Perla Carvahlo, told Dow Jones Newswires. Derbez said at a news conference on Nov. 24 that he planned to attend this week's Mercosur meeting in Montevideo.
Asked if Derbez's absence signals a waning of Mexican interest
Mexico seeks rearrest of agents freed in drug case
Mexico is seeking to get back into custody five Mexican federal agents who were charged in the kidnapping of suspected drug hit men but released by a judge in September, officials said on Saturday.
Mexico arrested eight federal agents on Aug. 31, but a few days later a judge released five of them for lack of evidence.
"We totally respect the decision of the judge but we have appealed because we do not agree (with it)," an official in Mexico's attorney general's office said on condition of anonymity.
The appeal was filed in September,
Mexico seeks bids for infrastructure
Private contracts are for hospitals, schools and roads
Mexico will seek bids from private companies for contracts worth as much as $3.7 billion to build and run hospitals and schools and to upgrade toll-free roads, according to presidential adviser Eduardo Sojo.
The plan, which includes eight hospitals, four polytechnic schools and 12 toll-free roads, would be the biggest initiative yet in Latin America to have private companies invest in infrastructure and provide public services in exchange for a fee paid by the government. All projects will be awarded by the end of President Vicente Fox's term in December
Mexico's Congress seeks support against US wall
The Mexican Congress is asking legislatures in Spain, Portugal and Latin American countries to join a coalition against a proposal by U.S. lawmakers to build some 700 miles of barriers along their nation's southern border as part of efforts to stop illegal immigration.
The request is contained in a letter drafted by the speaker of the Mexican lower house, Heliodoro Diaz.
"I hereby ask you, in an act of unity among Ibero-American Congresses, that you share our concern about and condemnation of (the U.S. wall), and that you express the deepest solidarity with the
