Mexico, China to push forward bilateral investment agreement
Mexico and China will seek important progress towards signing a
reciprocal investment promotion agreement before the end of 2007, Mexico's
Secretary of Economy Eduardo Sojo said in the opening session of the 15th
Mexico-China Plenary Meeting yesterday.
"There is a great deal of interest
for the current government to achieve this agreement with the Asian nation,"
Sojo said in the meeting, organized by the Mexican Council to promote foreign
trade, investment and cooperation in technology.
"We are just beginning the
negotiation process with China, hoping for a second meeting next July," Sojo
He said Mexican state governments are negotiating with Chinese
provincial governments on some auto projects to receive investments this
Official figures show that the bilateral trade volume has increased
from around US$13 million in 1972 when Mexico-China ties were formed to more
than US$11.4 billion in 2006.