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Infrastructure, anchor sector for Chinese investment in Mexico

Admin | 06.06.2013

After the National Development Plan was presented last May 20th, and prior to the visit to be made by China’s President, Xi Jinping, to Mexico next June, infrastructure projects are seen as an opportunity to foster China’s investment in Mexico, Amapola Grijlava, Vice-president of Mexico-China Chamber of Commerce and Technology, said.

After the National Development Plan was presented last May 20th, and prior to the visit to be made by China’s President, Xi Jinping, to Mexico next June, infrastructure projects are seen as an opportunity to foster China’s investment in Mexico, Amapola Grijlava, Vice-president of Mexico-China Chamber of Commerce and Technology, said.

In a press conference, she pointed out that potential value of Chinese investment in Mexico is around US$50 billion for ports, airports, railways and telecommunications.

There are also US$10 billion potentially to be invested in refineries refurbishing and a similar figure to build new refineries, Grijalva said and added that potential investments on infrastructure and technology for telecommunications is around US$11 billion in the short term. “Mexican engineers have made great progress in informatics and we also have conditions there to develop synergies among our companies in the field of software and related subjects”, she said.

She also spoke about China’s drive on technology for gas, petroleum and mining exploration, and further said that this, through cooperation, may provide Mexico with an advantage for energy self-sufficiency.

Ms. Grijalva once again asked China’s Government to grant all facilities and tear down technical barriers for the free trade of Mexican products in China, “as a reciprocity measure, taking into consideration openness to trade offered by Mexico to the world”.

Last, she pointed-out that the Chamber’s agenda for 2013-2018 focuses on promoting respect to intellectual property and acknowledging good business practices, which include environment issues, labor rights protection and observance of tax obligations, to provide for a stable business environment suitable for every businessman, notwithstanding the origin of investments.

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