. Energy News .




TRADE WARS
China, Mexico presidents agree on 'strategic' partnership
by Staff Writers
Mexico City (AFP) June 04, 2013


Chinese President Xi Jinping and his Mexican counterpart vowed to work jointly to access international markets, like the lucrative US market, as part of a new strategic partnership.

Xi on Wednesday begins his second day of a three-day visit to the Latin American economic powerhouse, which will include a speech before Mexico's congress.

Xi arrived in Mexico after visiting Costa Rica, and after meeting Caribbean leaders in Trinidad and Tobago. On Friday Xi travels to the United States for a much-anticipated weekend summit with US President Barack Obama.

China has in recent years aggressively pushed trade and investment ties with the developing world, particularly Africa and Latin America, to secure raw materials to fuel its economic growth and wield greater geopolitical influence in relation to the United States.

On Tuesday Xi and Mexican President Enrique Pena Nieto pledged to enhance diplomatic and trade ties between the two countries, and to smooth over their long-standing rivalry on exporting products to the United States.

"We expect to broaden investments of Chinese capital in our country," Pena Nieto told reporters late Tuesday, a move that will create more jobs and make Mexico "an important platform for exports to the countries with which we have free trade agreements."

Mexico is a member of the North American Free Trade Agreement (NAFTA), along with the United States and Canada.

Xi in turn praised the "comprehensive strategic partnership" between the two countries.

In a joint statement Mexico and China agreed to increase talks at various government levels "to deepen mutual trust and conduct bilateral dialogues on strategic issues," Chinese state news service Xinhua reported.

Closer ties include more coordination in forums like the United Nations and the Asia-Pacific Economic Cooperation (APEC) grouping, Xinhua said.

Mexico also reiterated it support for the "One China" policy.

Mexico said it considers that "Taiwan and Tibet form an integral part of Chinese territory," and that issues regarding Tibet "are internal Chinese affairs."

China's ambassador to Mexico this week told local media that his country delayed permission for Mexican pork exports in 2011 after then-president Felipe Calderon met with Tibet's Dalai Lama.

Mexican pork exports are one of the issues that the two leaders agreed to review.

Mexico and Costa Rica recognize Beijing, but the other six Central American countries maintain diplomatic relations with Taiwan, which China considers part of its territory awaiting reunification, by force if necessary. The two split in 1949 after a civil war.

Pena Nieto capped the day by welcoming Xi and his wife Peng Liyuan late Tuesday to a gala reception at the National Palace, the executive offices located in Mexico City's storied Zocalo plaza.

The reception included performances by top Mexican dancers and a star female ranchera singer.

Earlier in the day Peng, well-known as a soprano in her home country, and Mexico's first lady, former telenovela star Angelica Rivera, toured a children's hospital in Mexico City. Rivera said that China had donated funds to buy it an X-ray machine.

The visit is second meeting of the two presidents in as many months after Pena Nieto's trip to Beijing in April.

China is Mexico's second-largest trading partner after the United States, and Mexico is Latin America's second largest economy after Brazil. Both countries are members of the Group of 20 leading economies.

But Mexico also wants to narrow a gaping trade deficit heavily tilted in China's favor: Mexico imported $57 billion worth of Chinese goods last year while exporting just $5.7 billion, according to the Mexican central bank.

To start evening this imbalance Pena Nieto announced the creation of a business group to explore new investment opportunities, and another of top officials to "review the issues that so many times put brakes" on trade.

China has expanded its trade and investment ties with Latin America in recent years as the world's second biggest economy taps into the region's mineral and oil wealth to fuel its economic growth.

In Costa Rica, Xi and President Laura Chinchilla signed agreements on projects worth nearly $2 billion, including upgrades of an oil refinery, a key highway and public transport.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Get Our Free Newsletters
Space - Defense - Environment - Energy - Solar - Nuclear

...





TRADE WARS
China's Xi in Mexico with trade gap on agenda
Mexico City (AFP) June 4, 2013
Chinese President Xi Jinping on Tuesday kicked off a three-day visit to Mexico, which is seeking to narrow a huge trade gap with Beijing and attract investment from the world's number two economy. Mexico is the third stop on a tour of Latin American and Caribbean nations that has already taken Xi to oil-rich Trinidad and Tobago, and Costa Rica, as Beijing looks to boost its trade ties in the ... read more


TRADE WARS
Magnetospheric Multiscale Mission Team Assemble Flight Observatory

Elevated carbon dioxide making arid regions greener

Landsat 8 Satellite Begins Watch

NASA Ships Sensors for Seafaring Satellite to France

TRADE WARS
Glitch puts off Indian navigation satellite launch by a fortnight

Orbcomm And Cartrack Deliver Telematics Solution For African Market

Narayansami Inaugurates ISRO Navigation Centre

Advanced aircraft detection to prevent 'friendly fire' mishaps

TRADE WARS
Indonesia on right path to saving forests: Greenpeace

UN mourns slain Costa Rica environmentalist

More at-risk bird species in Brazilian forest than previously thought

Study explores 100 year increase in forestry diseases

TRADE WARS
Scotland gives green light to $710M wood biomass heat-power plant

Climate change raises stakes on US ethanol policy

Molecular switch for cheaper biofuel

Enzyme from wood-eating gribble could help turn waste into biofuel

TRADE WARS
US DoI Approves SolarReserve's 100 MW Arizona Solar Power Project

CTRL+P: Printing Australia's largest solar cells

Renewable energy project in Arizona, Nevada get U.S. approval

Greenwood Biosar Commences Construction of One of Vermont's Largest Solar Arrays

TRADE WARS
Uruguay deficit likely to speed windpower plans

Romania decree threatens green energy projects

Philippines ready to move forward on renewable energy?

Cold climate wind energy showing huge potential

TRADE WARS
Germany's top court hears case against giant coal mine

Glencore Xstrata cancels coal export terminal plans

Proposed U.S. Northwest coal export project scrapped

China mine accident kills 22: state media

TRADE WARS
China blocks Tiananmen anniversary remembrance

Hong Kong marks Tiananmen as China blocks remembrance

Hong Kong to mark Tiananmen anniversary with huge vigil

China urges US to 'stop interfering' over Tiananmen




The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement