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India, Mexico sign Extradition, Legal treaties
New Delhi, Sept 10: India and Mexico today signed the Extradition Treaty and an agreement for Mutual Legal Assistance in Criminal Matters, thereby paving way for stepped up cooperation in the fight against global terror.The two countries also signed an agreement for Avoidance of Double Taxation.
The agreements were signed after formal talks between Prime Minister Manmohan Singh and Maxican President Felipe Calderon Hinojosa who arrived here yesterday on a four-day State visit at the invitation of President Pratibha Patil.
The Extradition Treaty is aimed at suppressing crime by ensuring availability of fugitive criminals for trial. while the Mutual Legal Assistance Treaty in Criminal Matters will enhance the effectiveness of cooperation in the investigation, prosecution and suppression of crime, including crime related to terrorism.
Both the agreemeents were signed by External Affairs Minister Pranab Mukherjee and his Mexican counterpart Ms. Patricia Espinosa Cantellano in presence of the Prime Minister and tehe Mexican President.
The
agreemeent
for
Avoidance
of
Double
Taxation
will
facilitate
and
encourage
the
ongoing
Indian
investment
and
joint
ventures
in
Mexico
as
also
the
entry
of
Mexican
companies
into
the
Indian
market.
It
was
signed
by
Finance
Minister
P
Chidambaram
and
the
Mexican
Foreign
Minister.
A high-level Working Group on Trade, Investment and Cooperation has been set up to study ways and means of facilitating and promoting trade and investment.
An
External
Affairs
Ministry
spokesman
said
relations
between
India
and
Mexico
were
now
being
''re-energised''
and
cooperation
was
being
expanded
covering
areas
such
as
Science
and
Technology,
agriculture,
trade,
investment,
culture,
education
and
small
and
medium
industries.
The
bilateral
cooperation
was
reviewed
by
a
Joint
Commission
which
held
its
last
meeting
in
October
2005
and
the
next
one
is
due
in
Mexico
in
early
2008.
Trade between India and Mexico had been growing rapidly in recent years. In 2006, bilateral trade was 1.8 billion dollars, of which 1.1 billion dollars were India's exports and 0.7 billion dollars imports.Engineering goods, chemicals, pharmaceuticals, gem and jewellery and textiles are the main exports of India while crude oil accounts for 90 per cent of the imports from Mexico.
Mr
Hinojosa
is
accompanied
by
a
large
official
delegation
and
a
business
delegation
of
over
100
members.
External
Affairs
Minister
Pranab
Mukherjee,
Leader
of
the
Opposition
L
K
Advani
and
UPA
Chairperson
Sonia
Gandhi
will
later
call
on
President
Calderon.
The
visiting
dignitary
will
also
address
a
business
meeting
being
organised
by
CII,
FICCI
and
ASSOCHAM.
He
will
also
visit
Bangalore
and
Mumbai
tomorrow.
UNI
