MEXICO CITY? March 10 (Xinhua) -- Mexico will seek to deepen cooperation with the U.S. in a number of areas? including trade and energy? announced the
Minister of Economy Ildefonso Guajardo on Friday.
During a joint press conference in Washington with U.S. Commerce Secretary? Wilbur Ross? Guajardo stated that the two countries share "an important? strong
and complex" relationship.
He added that Mexico is keen to deepen bilateral cooperation in energy? trade and investment as well as helping to strengthen micro? small and medium
The official statement saw Guajardo thank Ross' commitment and interest in "working hand-in-hand with Mexico."
"The new global economy presents challenges and opportunities for North America? which Mexico and the U.S. can better face together?" said the minister.
"Mexico is open to maintaining constructive dialogue? to find mechanisms to increase North America's competitiveness? to strengthen value chains? and to
modernize the areas which regulate commercial ties between Mexico and the U.S.?"
pointed out Guajardo.
Guajardo's meeting with Ross comes at a time of high tensions between the two countries with President Donald Trump determined to build a border wall? as well
as possibly slapping high tariffs on Mexican exports and renegotiating NAFTA.
At the end of January? Trump invited Mexico's President Enrique Pena Nieto to meet in Washington but the Mexican leader later cancelled the trip? stating that
such a meeting was pointless without due respect for "national sovereignty...and
the ties of friendship and cooperation between the two people."
Later phone conversations between the two presidents led to an agreement to let senior government officials from both sides meet first.
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, June 15 (Xinhua) -- Foreign direct investment (FDI)
on the Chinese mainland dropped 3.7 percent year on year in May to 54.67 billion
yuan (about 8.05 billion U.S. dollars), extending a downward trend, data from
the commerce ministry showed Thursday.
The decline followed a mild retreat in the previous month, when FDI was 4.3 percent lower than last April, in contrast with a 6.7-percent increase in March.
In the first five months, FDI inflow was down 0.7 percent from the same period in 2016 to 341.08 billion yuan, while 12,159 new foreign-funded
enterprises were established on the mainland, up 11.9 percent, according to the
Ministry of Commerce (MOC).
Despite a drop in the overall FDI, foreign investment in the mainland's service sector, especially high-tech and modern service industries, continued
In the first five months, the high-tech service sector attracted 48.64 billion yuan of foreign capital, up 20.5 percent year on year, according to the
Meanwhile, for the manufacturing sector, FDI into communication equipment manufacturing jumped 46.6 percent in the five-month period.
Investment from Hong Kong, Taiwan and the European Union grew 12.7 percent, 41.8 percent and 6.2 percent in the January-May period, respectively.
The MOC said a number of policies will soon be introduced to further open up the market and improve the investment environment, including a revised guidance
catalogue for foreign investment to relax restrictions on foreign ownership in
more industries such as new energy vehicle batteries.
The government is moving quickly to lower thresholds for foreign investors by making more industries accessible to foreign investment and simplifying approval
procedures for foreign companies.
Today, more than 95 percent of new foreign enterprises on the mainland do not require government approval before they are set up.
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