Mexico strengthens the trade relations as an alternative growth

For the country of Mexico, as for the most oil producing countries, the figures for income from this mineral are not closer to the year of 2016 budgeted expectations.

The previous picture that climb the devaluation of the peso against the dollar, which opened this year, however, this prospect and the Mexican government has decided to strengthen the economic agreements with some key partners interested in investing in infrastructure and energy.

The tour took Peña Nieto the Middle East, and has led to agenda to visit countries like United Arab Emirates, Saudi Arabia, Qatar and Kuwait. The Mexico’s challenge is to close contracts, amounting to 300 (three hundred) million dollars in these countries of the Arabian Peninsula.

The first fruit of the tour was the signing of 13 (thirteen) agreements with Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the country of the United Arab Emirates, among the unsigned document highlights the agreement between the governments of Mexico and the United Arab Emirates for the promotion and reciprocal protection of the investments; one more to improve the cooperation on the clean energy and a memorandum of understanding between Pemex and the Abu Dhabi National Oil Company.

1In addition, a memo, of understanding a regarding sign on for the tourism cooperation between the Ministry of Tourism and the National Council of Tourism and Antiquities of the country of the United Arab Emirates.

The President Peña Nieto used his visit to exalt the advisability of investing in the Mexican territory, he stressed that is a reliable territory that is distinguished by its competitive strengths as its geographical location, its trade agreements with North America, Europe, Asia and Latin America that give access to a market of 150 (one hundred fifty) million thousand people.

Economically, he stressed that the country of Mexico has a economic stability and a sound of financial system, a sound of public finances, a economic growth averaged on 3.3 percent over the past five (5) years, a young population that generates higher value-added and income does not depend mainly oil as in the past. At present day the country is considered a competitive industry in the world, exporting of many products.

Another of the most anticipated games has been to the country of Qatar. In nearly four (4) decades no Mexican president had visited the millionaire nation of Qatar. One of the most interested in promoting this relationship for the two (2) countries, both oil exporters, has been the current President Enrique Peña Nieto, who on Wednesday visited Doha, the capital of that country.

In a meeting that thanks to the formal invitation of the Emir of Qatar came, his Highness Sheikh Tamim Bin Hamad Al Thani, culminating in the signing of various bilateral instruments in areas such as the promotion and the protection of investment, energy, tourism, trade cooperation, top education, cultural and artistic cooperation, exchange of news, physical culture and sport.

The country of Qatar has the third (3rd) largest gas reserves in the world’s, equivalent to 14 (fourteen) percent of sites around the world, and has guaranteed the extraction of oil over the next 35 (thirty five) years, in spite of which, it has begun to diversify their income and investments around the world because it owns part of automotive companies in the country of Germany, the football teams in Europe, exclusive buildings in the city of Paris and the city of New York, through a powerful sovereign fund, the Mexican government seeks to a2ttract to sectors such as the energy.

The enormous wealth that the country of Qatar has achieved will not collect the income tax and VAT to its inhabitants, who just made some contributions to the health system, but they have free education and medicine, a guaranteed work, housing subsidies to purchase and pay a single penny for potable water and electricity.

Note that in this opening to the world, the country of Qatar will host the 2022 World Cup, for which it is investing 200 (two hundred) billion dollars in construction and expansion of the infrastructure and the stadiums.

But the country of Mexico also plans to restore relations with the partners in the region. About its participation in the economic picture of Davos (the country of Switzerland) currently it develops, Peña Nieto will meet with newly elected Argentine President Mauricio Macri.

The analysts in the economic matters gave its approval to approach the president with these nations, especially now that the country of Mexico is in a economic transformation process that has become an engine of the economic development in Latin America and the second (2nd) largest economy after the country of Brazil. And it’s constantly working to position their strengths to show them to the world, attracting more the foreign investment.

In his speeches in the countries he visited during the tour of the Arab territory, he said that although these countries have many other trade partners, right now none has many comparative advantages as does the Aztec nation.

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