Indo-Mexican trade grew by record 240 per cent;says Mexican Ambassador in India

Kolkata, 4 February : In spite of a record 240 per cent growth in bilateral trade during the past few years, Mexico is looking forward to further expand its economic, political and cultural footprints in India by all means, said Federico Salas Lotfe, Ambassador,y of Mexico in India.
Participating in two separate interactive sessions with the members of Indian Chamber of Commerce (ICC) and the Bengal Chamber of Commerce and Industry(BCCI)at the conclusion of his two day visit to the city Ambassador Lotfe here today said though at present the economic relationship between Mexico and the U.S. was predominant, they had been working on ‘diversifying contacts with different parts of the world’.
‘We already have a comprehensive full trade agreement with EU which we also have extended to different parts of the world’, he said adding the North American Free Trade Zone treaty was recently revised and updated which was ratified by the Mexican Government.
He said in 2018 Mexico had a 10 billion Dollar trade figure and India was one of the top 10 leading trade countries of Mexico. ‘We have close to 200 businesses in various sectors from India and around 20 Mexican companies performing in India’, the Ambassador said adding apart from business and cultural contacts they had been trying to expand people to people contacts as well as in the areas of tourism. Indians are among the 20 most travelled people to visit Mexico,he pointed out.
Referring to the areas of business between the two far off countries,the ambassador said energy was among the most important sectors in Mexico though ‘we are looking in to the possibilities of alternative sources of energy’.
He said as the use of solar energy was not very developed in Mexico as much as in India and emphasised that the country had huge reserves of hydrocarbons and refineries in areas around the Gulf of Mexico. ‘India is one of the countries that is being involved in refinery infrastructure projects in Mexico’, he stated further.
Also speaking on oboth the occasions Sumit Mazumder, Former BCCI President and Honorary Consul of Mexico in Kolkata,said as many as 70 odd Indian companies were currently operating in Mexico and had been doing good businesses.
Also speasking on the occasion BCCI President B B Chatterjee said Mexico was a strategic ally in the expansion of leading multinational companies.
Since Kolkata has lot of skilled worked force who could be utilised in the areas of mutual interest between this part of the world and Mexico”, stated Chatterjee.

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