GEOPOLITIC: Mexico - India sign energy, aviation accords

Mexico and India signed two cooperation accords Thursday on renewable energy and air transport. Indian President Pratibha Devisingh Patil began a four-day official visit to Mexico Thursday.

During a ceremony at the Los Pinos presidential palace in Mexico City, Mexican President Felipe Calderon said, "India holds an important place in Mexico's strategy for the Asia Pacific region."

The renewable energy accord sets the basis for sustainable cooperation, while the other accord establishes a juridical framework for air services and will help increase bilateral investment and tourism. In his speech, Calderon said infrastructure, small- and medium-sized enterprises, automobile production, agriculture, pharmaceuticals and information technology are the sectors in which Mexico is most interested.

Before signing the accords, Calderon and Devisingh Patil held a private meeting, which Calderon described as "fruitful."

Devisingh Patil said Mexico and India share "similar goals" and that their financial and trade opportunities "are huge," and "both countries agree that we must increase bilateral trade and investment." According to statistics issued by the Indian-Mexican Business Chamber, bilateral trade in 2006 totaled some 1.6 billion U.S. dollars.

Source: ChinaView

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