Published On: Mon, Mar 14th, 2016

India and Mexico to improve bilateral relations

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India and Mexico discussed various ways to improve their bilateral relations, among which are improving and facilitating visa regulations.

The head of the Ministry of Foreign Affairs (SRE) of Mexico, Claudia Ruiz Massieu, traveled a few days ago to India, where she met with her counterpart, Minister Sushama Swaraj, to follow up on the agreements of the meeting that took place in September 2015 between the two countries, in the framework of the 70th General Assembly of the United Nations Organization (UN) in New York.

One of the agreements needed is the establishment of a mechanism to carry out direct trades for precious metals, as well as boosting trade and investment ties.

A Bilateral High Level Group (HLG) on Trade, Investment and Economic Cooperation between the two countries would also help to increase collaboration between companies in sectors such as renewable energy, pharmaceuticals, oil, automobiles and auto parts, information technology, tourism and entertainment.

Mexico_India

India and Mexico discussed various ways to improve their bilateral relations, among which are improving and facilitating visa regulations. (Photo: Mexico News Network)

Both mandatories showed a shared interest in deepening the strategic partnership between Mexico and India from a high-level contact and better use of mechanisms for bilateral and multilateral dialogue.

One of the conclusions after the meeting is the need to promote these bonds, to respond to coincidences, ambitions and the potential of both countries. They also showed the approval of the continued bilateral dialogue and pledged to strengthen ties between the two nations.

Both nations agreed to work together over the coming months in order to specify the details for the visit of the Prime Minister Narendra Modi to Mexico in late 2016 or early 2017.

They also spoke of sharing interest on improving the cooperation on space technology interest and create projects on agriculture, fisheries, water resources and climate change, among others.

According to the Inter-American Investment Corporation (IIC), Mexican investment in India totaled $ 800 million dollars, while Indian investments in that country were about $ 2 billion.

 

By Valeria Bigurra Peñavera for Mexico News Network

Source: http://www.mexiconewsnetwork.com/

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