Mexico and China sign infrastructure cooperation agreement

Monday, 17 June 2013 02:11:07 (GMT+3)   |  

Mexico and China signed a Memorandum of Understanding (MOU) last week which aims to strengthen cooperation in infrastructure construction, according to the Secretary of Communications and Transport (SCT).

In a statement, the Secretary explained that the MOU was carried out in during the Chinese President's visit to Mexico. "The purpose of the MOU is to know the infrastructure projects and its various facets," said the statement. "Mechanisms established by this instrument will be through a process of exchange of information on technologies, experiences and legislation and will focus on exploring specific projects."

Similarly, these projects will seek to positively impact financing mechanisms at the local level, and will also take care of any international immigration laws of both countries for this purpose. Although the MOU is not legally binding, the obligation entails the enforcement of international rights.


Similar articles

CTM: Mexican steel is losing thousands of jobs from unfair imports

23 Aug | Steel News

Price trend scatters in US domestic HDG market

08 Aug | Flats and Slab

OECD Steel Committee: Prospects for steel demand remain uncertain

09 Dec | Steel News

OECD Steel Committee: Prospects for steel demand remain uncertain

09 Dec | Steel News

Over-production and economic malaise continues to impact US domestic flats market

01 Oct | Flats and Slab

How Bad Is China Really?

02 Mar | Steel Matters

Confindustria calls for pragmatic EU ETS reform to protect industrial competitiveness

09 Jun | Steel News

Local Turkish dollar-based merchant bar prices fall amid ongoing currency fluctuations

09 Jun | Longs and Billet

US issues final AD results on PC strand from Malaysia

09 Jun | Steel News

Turkish domestic wire rod prices mostly fall amid weaker scrap and demand

09 Jun | Longs and Billet