Source Pravda.Ru

Russia, Mexico to expand cooperation

The mixed Russian-Mexican inter-governmental commission for economic, trade and science-technical cooperation held its third session here. The commission discussed military-technical cooperation issues for the first time. The sides agreed to examine a proposal by Russian military experts to set up a permanent working group for expanded military-technical cooperation.

Expert groups also discussed various forms and methods for expanding trade-and-economic, science-technical, transport and other cooperation for two days.

A concluding act and a science-technical cooperation program for 2005-2007 were passed.

The final document notes that the bilateral trade turnover has doubled in 2004 . Six product categories still make up for 50 % of this $501-million turnover.

The commission decided to set up bilateral trade missions and to organize trade-industrial forums, fairs and exhibitions. More Mexican and Russian businessmen must be involved in foreign trade. Expanded data exchanges and data access are also essential.

The sides intend to negotiate agreements on expanded mutual investment and investment protection. The Russian Commerce and Industry Chamber and the Mexican Businessmen Council plan to sign a foreign-trade, investment and technology cooperation agreement.

The sides are to finalize an energy-cooperation agreement and a peaceful use of nuclear energy agreement that will expand such cooperation.

The document says that the Russian Parliament should ratify, as soon as possible, an agreement on avoiding dual taxation (that was signed by the Governments of Mexico and Russia in June 2004, and that was approved by the Mexican Senate last September).

The Russian delegation was headed by Education and Science Minister Andrei Fursenko. Secretary of Trade and Industrial Promotion Fernando Canales Clariond headed the Mexican delegation.

An explosion of household gas occurred in a nine-storeyed apartment building in the city of Shakhty, the Rostov region of Russia. The blast destroyed two storeys of the building

Another apartment building explodes in Russia. Several people killed

China poses an existential threat to US global economic dominance, including the advancement of its Indo-Pacific military footprint.

US Economic War on China