Investment Protection Agreement signed - Mexico, India

Mexico has signed a 10 year bilateral investment promotion and protection program (BIPA) with India on May 21, 2007.

This is significant for several reasons.

• Allows investment protection to foreign investors in both countries
• Free repatriation of funds to investors
• Allows Indian companies access to the USA and European market through manufacturing in Mexico
• Offers protection of Intellectual Property (IP)
• Opens the door for Preferential or Free Trade Agreement negotiations in the future

India’s government and private industry sees Mexico as a “trampoline” to the US market, and also entrance into Mexico and Central America.

I have no doubt we will begin to see some Indian investment in Mexico and India-Mexico joint ventures in the very near future.

I strongly recommend that Mexico review, simplify and speedup the time and reduce the costs related to obtaining a travel visa for Indian business people.

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