India, Mexico to discuss climate change, economic ties

New Delhi, Aug 16 (ANI): India and Mexico are likely to look for ways to enhance bilateral economic ties and discuss modalities to be adopted for the ministerial meeting on climate change to be held in New Mexico when Mexican Foreign Minister H. E. Patricia Espinosa Cantellano meets External Affairs Minister S.M Krishna on Tuesday.

Both leaders are also expected to discuss issues relating to climate change, intensification of economic ties and the UN reforms.

The visiting dignitary will also call on Prime Minister Dr. Manmohan Singh and meet with Environment Minister Jairam Ramesh. She will also interact with the representatives of trade and industry at FICCI and CII.

This year both India and Mexico are celebrating the 60th anniversary of the establishment of diplomatic relations. Several commemorative events are being planned during the year. A commemorative stamp is also proposed to be issued later in the year.

India enjoys warm and friendly relations with Mexico. President Pratibha Devisingh Patil visited Mexico in April 2008. Earlier Mexican President Felipe Calderon visited India in September 2007 when both countries elevated their relations to 'Privileged Partnership'.

These visits gave a fresh impetus to our bilateral relations when a number of agreements were signed and institutional mechanisms were set up to take forward our ongoing cooperation.

The bilateral trade in 2009 was 2.2 billion dollars (India's exports were 1.14 billion dollars and imports were of 1.08 billion dollars in 2009).

Total Indian investments in Mexico are in the range of 1.5 billion dollars mostly in IT, Pharmaceuticals, manufacturing and packaging sectors. (ANI)

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