Friday, April 18, 2008

India, Mexico sign pacts in civil aviation, energy


Mexico City (PTI): India and Mexico have signed two agreements for cooperation in civil aviation and energy sectors as part of their efforts to strengthen bilateral ties.

Union Minister for Non-Conventional Energy Vilasrao Muttemwar and Mexico's Minister for Foreign Relation Patricia Espinoza and Secretary of Energy Georgana Kessel inked the agreements here on Thursday.

Mexican President Felipe Calderon, who was present at the singing ceremony along with visiting Indian President Pratibha Patil, said India was an "important" partner for his country in the Asia-Pacific region.

The first agreement calls for cooperation in air services between the two countries while the second one was related to enhanced ties in the energy sector.


Full story here


Importance: These agreements are good for both parties involved. They not only strengthen bilateral ties, but they're also projected to increase inclusive economic growth. The agreements improve the world order regarding energy and civil aviation.


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