PM Narendra Modi and President of Mexico Enrique Peña Nieto are issuing a joint statement. Below are the highlights:
•We are now looking to move beyond our buyer-seller relationship. IT, Energy, Pharma and automotive are key growth areas
•We have agreed to develop a roadmap of concrete outcomes to upgrade our ties to a Strategic Partnership.
•Mexico an important partner for India’s energy security. We are looking to move beyond buyer-seller relationship and into a long-term partnership.
•I thank President of Mexico for supporting India’s membership of the Nuclear Suppliers Group
This is the first prime ministerial visit from India to Mexico after then prime minister Manmohan Singh’s visit in 2012 for the G20 Summit.
Bilateral investments will be a major focus during the talks in Mexico. Two-way trade between India and Mexico stands at around $6 billion.
Within Asia, India is the largest importer of crude oil from Mexico. India’s major exports to Mexico include pharmaceutical products and automobile parts.
According to India’s ambassador to Mexico Muktesh Pardeshi, there are 50 Indian companies in Mexico which have created around 10,000 jobs.