India-Mexico sign pacts for space cooperation

India and Mexico have signed pacts to cooperate in the field of space technology.

Joint Commission meeting

The pacts were signed at the sixth session of the Joint Commission meeting between India and Mexico that was held in New Delhi. The meeting was presided by India’s  External Affairs Minister, Sushma Swaraj, and her Mexican counterpart, Jose Antonio Meade Kuribrena. The other issues discussed or decided at the meeting are:-

  • The two countries agreed to explore cooperation in the hydrocarbon sector
  • Both countries agreed that there was a need to expand their bilateral ties, especially in the arena of trade. Bilateral trade between the two countries increased from $2.81 bn in 2010 to $7 bn now.
  • Mexico agreed to set up an ‘India Room’ in the National Museum of Cultures in Mexico City for which India has gifted 108 pieces
  • In 2015, a ‘Days of India in Mexico’ will be launched in Mexico to commemorate the 60th anniversary of bilateral relations between the two nations
  • Both countries also agreed to institutionalize a bilateral mechanism on consular issues

Space cooperation

The two countries will cooperate in remote sensing, satellite communication and areas related to the peaceful use of outer space.

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Categories: Business & Economy Current Affairs 2017International Current Affairs 2017

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