Home / Knowledge / News / Textiles / India & Mexico signs deal on bilateral investments

India & Mexico signs deal on bilateral investments

21
May '07
India and Mexico signed the Agreement on Bilateral Protection and Promotion of Investments. While Finance Minister, Shri P. Chidambaram signed the Agreement on behalf of India, Mexican Minister of Economy, Dr. Eduardo Sojo signed on behalf of Mexico.

The Agreement seeks to promote and protect investments from either country in the territory of the other country with the ultimate objective of increasing bilateral investment flow. It requires each country to encourage and create favourable conditions for investors of the other country to make investments in its territory and to admit investments in accordance with its laws.

The Agreement would remain in force for a period of ten years and is expected to serve as a catalyst in boosting investment flows between the two countries.

The term investment includes every kind of asset including intellectual property rights in accordance with laws and regulations of the country in which the investment is made.

Principles of Most Favoured Nation Treatment and National Treatment (NT) have been asserted in the agreement. It also provides for free repatriation of funds of an investor of either country.

Welcoming the Mexican delegate headed by Dr. Eduardo Sojo Garza-Aldape, Shri Chidambaram referred it as a historic day when the two countries added another golden page in the annals of longstanding bilateral relations between the two countries.

He said that starting from the visit of India's first Prime Minister Shri Jawaharlal Nehru to Mexico in the year 1961, the two countries has had a series of visits of high level dignitaries from both sides. Very soon the new Mexican President Mr. Felipe Calderón is also scheduled to visit India.


Must ReadView All

Pic: Shutterstock

Textiles | On 20th Sep 2021

Turkmenistan, Uzbekistan agree to raise trade turnover to $1 bn

Uzbekistan and Turkmenistan recently agreed to raise bilateral trade...

Pic: Shutterstock

Textiles | On 20th Sep 2021

MPs, peers call on UK govt to ban fur sales & imports

Over 100 cross-party members of Parliament (MPs) and peers have...

Pic: Canopy Planet

Apparel/Garments | On 20th Sep 2021

Over 400 brands now part of Canadian organisation Canopy's initiatives

Canopy has announced that over four hundred brands and retailers are...

Interviews View All

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Shivaani Jain,

Shivaani Jain

Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

Klaus Bergmann,

Klaus Bergmann

German company Erbatech GmbH develops, designs and manufactures high end...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search