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REPORT_INDIAN CHEMICAL
AND COSMETICS EXHIBTION MEXICO: 26TH -27TH NOVEMBER 2015
AND COSMETICS EXHIBTION MEXICO: 26TH -27TH NOVEMBER 2015
Page 2
INDEX
1 . COUNTRY FACT SHEET - MEXICO
3. INDIA- MEXICO BILATERAL RELATIONS
4.
CHEMEXCI L S COMMODI TY W I SE EXPORT TO MEXICO
5. GROUPWISE EXPORTS TO MEXICO TOP TEN PRODUCTS FOR LAST THREE YEARS
6. DETAILS OF EXHIBITORS
7. PROGRAMME
8 . VI SI TORS AT COUNCI L STALL
9. LIST OF BUYERS
1 0 .
PHOTOGRAPHS
REPORT_INDIAN CHEMICAL
AND COSMETICS EXHIBTION MEXICO: 26TH -27TH NOVEMBER 2015
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FACT SHEET- MEXICO
The site of several advanced Amerindian civilizations - including the Olmec, Toltec, Teotihuacan, Zapotec, Maya, and Aztec - Mexico was conquered and colonized by Spain in the early 16th century. Administered as the Viceroyalty of New Spain for three centuries, it achieved independence early in the 19th century. Elections held in 2000 marked the first time since the 1910 Mexican Revolution that an opposition candidate - Vicente FOX of the National Action Party (PAN) - defeated the party in government, the Institutional Revolutionary Party (PRI). He was succeeded in 2006 by another PAN candidate Felipe CALDERON, but Enrique PENA NIETO regained the presidency for the PRI in 2012. The global financial crisis in late 2008 caused a massive economic downturn in Mexico the following year, although growth returned quickly in 2010. Ongoing economic and social concerns include low real wages, high underemployment, inequitable income distribution, and few advancement opportunities for the largely indigenous population in the impoverished southern states. Since 2007, Mexico's powerful drug-trafficking organizations have engaged in bloody feuding, resulting in tens of thousands of drug-related homicides.
North America, bordering the Caribbean Sea and the Gulf of Mexico, between Belize and the United States and bordering the North Pacific Ocean, between Guatemala and the United State.
Geographic coordinates:23 00 N, 102 00 W
Area: Total: 1,964,375 sq km (Land: 1,943,945 sq km ;water: 20,430 sq km)
Environment - current issues:
scarcity of hazardous waste disposal facilities; rural to urban migration; natural freshwater resources scarce and polluted in north, inaccessible and poor quality in center and extreme southeast; raw sewage and industrial effluents polluting rivers in urban areas; deforestation; widespread erosion; desertification; deteriorating agricultural lands; serious air and water pollution in the national capital and urban centers along US-Mexico border; land subsidence in Valley of Mexico caused by groundwater depletion
Languages:
Spanish only 92.7%, Spanish and indigenous languages 5.7%, indigenous only 0.8%, unspecified 0.8%
REPORT_INDIAN CHEMICAL
AND COSMETICS EXHIBTION MEXICO: 26TH -27TH NOVEMBER 2015
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ECO N O M Y :
Mexico's $1.3 trillion economy has become increasingly oriented toward manufacturing in the 21 years since the North American Free Trade Agreement (NAFTA) entered into force. Per capita income is roughly one-third that of the US; income distribution remains highly unequal. Mexico has become the United States' second-largest export market and third-largest source of imports. In 2014, two-way trade in goods and services exceeded $550 billion. Mexico has free trade agreements with 46 countries, putting more than 90% of trade under free trade agreements. In 2012, Mexico formally joined the Trans-Pacific Partnership negotiations and formed the Pacific Alliance with Peru, Colombia and Chile. Mexico's current government, led by President Enrique PENA NIETO, emphasized economic reforms during its first two years in office, passing and implementing sweeping education, energy, financial, fiscal and telecommunications reform legislation, among others, with the long-term aim to improve competitiveness and economic growth across the Mexican economy. Although the economy is expected to experience stronger growth in 2015 as a result of increased investment and stronger demand for Mexican exports, growth is predicted to remain below potential for reasons of inefficiencies, with a large portion of the economy and workforce in the informal sector, and corruption. Over the medium-term, the economy is vulnerable to global economic pressures, such as lower external demand, rising interest rates, and low oil prices - approximately 30% of government revenue comes from the state-owned oil company, PEMEX. The increasing integration of supply chains, development of the energy sector, and government-to-government focus on trade facilitation will continue to make the North American region increasingly competitive and contribute to Mexican economic development and strength.
Historical
India-Mexicorelations have consistently been friendly, warm and cordial, characterizedby mutual understanding and growing bilateral trade and all-round cooperation. Antipodes as they are on the globe, they have striking similarities and commonalities -of geography, history, physiognomy, culture and civilization, even of attitudes, mindsets and values of the people. Both countries are large emerging economies, with similar socio-economic development priorities and constraints, and have democratic, secular, and pluralistic systems, as well as convergent worldviews. Both are at somewhat comparable levels of economic and technological development, and are members of the important G-20, even if Mexico graduated from G-77 to joining OECD in 1994, and also joined NAFTA in 1995. Mexico was the first Latin American country to recognise India after her independence, and both established diplomatic relations in 1950. Mexican wheat variety Sonora was instrumental in India s Green Revolution. Mexicans in general have high interest and regard for Indian culture, political resilience, social values, and particular admiration for India s economic, education, scientific and technological achievements of the recent years. Indian heroes like Gandhi, Nehru, Tagore, and Mother Teresa are widely held in high esteem. The writings of Nobel-Laureate and IndophileOctavio Paz, Mexico s envoy to India in the sixties, with his long years in India, significantly impacted Mexico s view of India.
REPORT_INDIAN CHEMICAL
AND COSMETICS EXHIBTION MEXICO: 26TH -27TH NOVEMBER 2015
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Political
Impelled by their commonalities, convergence of worldviews, and an issues-free relationship, India and Mexico have collaborated together closely on most major global issues, such as nuclear disarmament, climate change, trade, and global economic architecture. They elevated their ties to Privileged Partnership during President Calderon s state visit to India in 2007. The two countries have exchanged as many as 11 visits at the level of Head of State or Government, the last bilateral visit being former President PratibhaPatil s in 2008. Prime Minister Manmohan Singh attended the G20 Summit hosted by Mexico in Los Cabos on 18-19 June 2012. Recent high-level visits include Mexico s Foreign Minister and Environment and Tourism Ministers to India, and from India the Lok Sabha Speaker, and Ministers of Petroleum & N.G., and of Agriculture, as well as of Commerce and Industry Minister (for G20 Trade Ministers Meeting). Their regular and high-level bilateral interactive mechanisms include a Joint Commission that last met in April, a High Level Group on Trade, Investment and Economic Cooperation, Foreign Office Consultations, and an array of bilateral agreements including for investment promotion and protection, double taxation avoidance, extradition, air services, and for cooperation in several sectors.
Economic and Commercial :
Bilateral trade is growing rapidly in recent years, at double-digit rates consistently, however yet well below its potential. It touched US$2.95 b (Mexican figures) in 2008 -more or less balanced, before dipping in 2009 due to the global economic crisis. It has since regained the momentum, touching $2.80 b in 2010, and climbing at 48%, to $4.15 b in 2011. The figure has the potential to reach $10 b by about 2015, with suitable promotion measures from both sides, including for direct shipping, banking and aviation, and a Free Trade Agreement. Mexico s imports from India grew at 33% in 2011, with a well-diversified basket, comprising, inter alia, chemicals & petrochemicals, engineering goods, automobiles & auto parts, pharmaceuticals, diamonds, textiles & garments, and gasoline. Crude oil is the major Mexican export to India, besides fertilizers, iron &steel, and engineering goods. The areas assessed to have maximum growth potential are mining and tourism (projects in Mexico), food processing and infrastructure (projects in India), automobiles & auto parts, textiles & garments, software and IT, pharmaceuticals, engineering, renewable energy, and biotechnology. Indian investments in Mexico are estimated at several hundred million dollars, and Mexico too is now in a catching-up phase. Most major Indian IT companies, several pharmaceutical companies, and engineering companies in tyres, packaging, and electrical equipment have a growing Indian presence in Mexico, whereas Mexican investments in India are in multiplexes, housing & infrastructure, auto parts, cement, and food processing. (Arcelor Mittal made one of its early major takeovers in Mexico). Besides Mexico s own sizable market and investment-friendly policies, it is eminently placed offering the strategic advantage of the world s largest NAFTA market, already drawing large FDIs from USA and elsewhere. Indian cinema Bollywood s estimated immense potential for Mexico and Latin America yet remains to be explored. An India-Mexico Business Chamber is functional in Mexico since 2006 extending valuable assistance to promoting mutual trade and investments. Apex chambers from both sides have several cooperation MOUs, and Indian business delegations regularly participate in several major trade fairs in Mexico.
REPORT_INDIAN CHEMICAL
AND COSMETICS EXHIBTION MEXICO: 26TH -27TH NOVEMBER 2015
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IMPORTANT BILATERAL AGREEMENT
Cultural Agreement (1975) Agreement for Cooperation in Science &Technology (1975) Cultural Exchange Programme (2005) Educational Exchange Programme (2005) Agreement on Visa Exemption on Diplomatic & Official Passports(2005) Memorandum of Understanding on Cooperation in SMEs (2006) Extradition Treaty (2007) Mutual Legal Assistance Treaty in Criminal Matters (2007) Double Taxation Avoidance Agreement (2007) Bilateral Investment Promotion and Protection Agreement (2007) Air Services Agreement (2008) MOU on Cooperation in the Field of New and Renewable Energy (2008)
REPORT_INDIAN CHEMICAL
AND COSMETICS EXHIBTION MEXICO: 26TH -27TH NOVEMBER 2015
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