Subscribe free to our newsletters via your
. Space Industry and Business 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








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
Another American High Frontier First: 3-D Manufacturing in Space

Charred micro-bunny sculpture shows promise of new material for 3-D shaping

Flexible opals make for some colourful material science

The formula for turning cement into metal

TRADE WARS
Mutualink Platform to be Deployed by US DoD during JUICE 2013

General Dynamics to Deliver U.S. Army's Newest Tactical Ground Station Intelligence System

Boeing-built WGS-5 Satellite Enhances Tactical Communications for Warfighters

US Navy And Lockheed Martin Deliver Secure Communications Satellite For Mobile Users

TRADE WARS
The Future of Space Launch

Rocket Engine Maker Proton-PM to Invest in New Products

Russia Launches European Telecoms Satellite

Ariane poised to launch first 20 ton payload into orbit

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
Shun Tak Holdings buys a third of Jetstar Hong Kong

Airline industry calls for single emissions standard

Boeing's first 787 arrives in China: media

Slow progress on Unasur plans for a joint trainer aircraf

TRADE WARS
Intel introduces fourth generation processors

Milwaukee-York researchers forward quest for quantum computing

New Technique May Open Up an Era of Atomic-scale Semiconductor Devices

Bright Future For Photonic Quantum Computers

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
Urban Indians grow concerned about pollution: survey

Microplastic pollution prevalent in lakes too

Fresh oil spill from Turkish tanker off Cape Town

Poland dumps old garbage system for greener setup




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - 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