Showing posts with label Mexico. Show all posts
Showing posts with label Mexico. Show all posts

Sunday, January 2, 2011

Trade promo push in Mexico, Canada

Ha Noi — The Ministry of Industry and Trade will speed up trade promotion activities in Mexico and Canada in the fourh quarter.

The ministry has issued instruction No8/CT-BCT about pushing exports and enlarging markets to meet the country's annual export target of US$60 billion.

Sectors involved are mainly garments and textiles, footwear, seafood, wood products, arts and handicrafts and processed food.

Promotion activities were scheduled to take place mainly in Toronto and Mexico City.

The North American Free Trade Area, with a population of 520 million, is considered as a key export market of Viet Nam. Canada and Mexico are big markets for Vietnamese goods behind the US, which accounts for 82.5 per cent of Viet Nam's export turnover to the area.

Vietnamese Ambassador to Mexico Pham Van Que said two-way trade between Mexico and Viet Nam surged from $60 million in 2001 to nearly $720 million last year, $600 million of which were exports to Mexico.

The main exports were garments, footwear, seafood, printing-machines, sports equipment and wooden products.

Que expected that following the first session of the Mexico-Viet Nam Joint Business Committee in Mexico recently, trade between the two countries would increase significantly.

He said the session was the start of a partnership for sustainable development between the two countries.

Last year's trade turnover between Viet Nam and Canada reached $1.3 billion, $1 billion of which were Viet Nam's exports to Canada.

The ministry predicted that the country's export volume to Mexico and Canada would rise dramatically in the next three months, especially of vegetables and fruits.

Viet Nam shipped fruit worth $2.8 million to Mexico and Canada in July this year alone, up 21.7 per cent on the same period last year. — VNS

Related Articles

Monday, November 29, 2010

Mexico-Vietnam Business Committee holds first session

The first session of the Mexico-Vietnam Joint Business Committee (MVJBC) and a seminar on bilateral trade took place in Mexico city Tuesday as part of a working visit by a Vietnamese Defence Ministry business delegation.

The events were attended by Vietnamese Ambassador to Mexico Pham Van Que, Deputy Director of the Vietnamese Defence Ministry’s Economic Department Colonel Pham Viet Thich, President of the Mexico-ASEAN Business Committee Enrique Michel and President of the Asia-Pacific Directorate of the Mexican Business Council for Foreign Trade Sergio Ley.

Speaking at the events, Sergio Ley expressed his belief that the first meeting would help Mexican and Vietnamese businesses strengthen mutual understanding, thus laying the foundation for their effective cooperation agreements in the future.

Enrique Michel spoke highly of the Vietnamese economy’s firm progresses, reflected by its improved infrastructure, international tourism, food production and export, and international trade.

According to Michel, two-way trade between Mexico and Vietnam sharply increased from US$60 million in 2001 to $714 million in 2009.

He, however, noted that the Mexico-Vietnam trade relation still faces many challenges ahead that require both sides’ consensus and joint efforts.

Vietnamese Ambassador Pham Van Que said he was pleased to see that today Vietnamese consumers have better understanding about Mexican goods and vice versa.

Mexico is now Vietnam ’s largest trade partner in Latin America and the two countries have overcome geographical and language obstacles to further their bilateral ties, he added.

The first MVJBC session is the start of a long-term and mutual trust partnership for sustainable development between the two countries, the ambassador stressed.

 

Related Articles

Saturday, November 27, 2010

Mexico-Vietnam Business Committee holds first session

The first session of the Mexico-Vietnam Joint Business Committee (MVJBC)
and a seminar on bilateral trade took place in Mexico city on
September 21 as part of a working visit by a Vietnamese Defence Ministry
business delegation.


The events were attended
by Vietnamese Ambassador to Mexico Pham Van Que, Deputy Director of the
Vietnamese Defence Ministry’s Economic Department Colonel Pham Viet
Thich, President of the Mexico-ASEAN Business Committee Enrique Michel
and President of the Asia-Pacific Directorate of the Mexican Business
Council for Foreign Trade Sergio Ley.


Speaking at
the events, Sergio Ley expressed his belief that the first meeting would
help Mexican and Vietnamese businesses strengthen mutual understanding,
thus laying the foundation for their effective cooperation agreements
in the future.


Enrique Michel spoke highly of the
Vietnamese economy’s firm progresses, reflected by its improved
infrastructure, international tourism, food production and export, and
international trade.


According to Michel, two-way
trade between Mexico and Vietnam sharply increased from 60 million
USD in 2001 to 714 million USD in 2009.


He,
however, noted that the Mexico-Vietnam trade relation still faces many
challenges ahead that require both sides’ consensus and joint efforts.


Vietnamese Ambassador Pham Van Que said he was
pleased to see that today Vietnamese consumers have better understanding
about Mexican goods and vice versa.


Mexico is
now Vietnam ’s largest trade partner in Latin America and the two
countries have overcome geographical and language obstacles to further
their bilateral ties, he added.


The first MVJBC
session is the start of a long-term and mutual trust partnership for
sustainable development between the two countries, the ambassador
stressed./.

Related Articles

Saturday, November 20, 2010

BP's broken well in Gulf of Mexico is 'dead'

WASHINGTON – US officials have finally declared BP's broken well in the Gulf of Mexico "dead", five months after a deadly oil rig explosion set off one of the costliest and largest environmental disasters ever.

Although the troublesome well may have been killed once and for all, BP still faces a long uphill battle to clean up the Gulf, a litany of lawsuits, billions of dollars in fines and shareholders angered by the firm's instability after its share price more than halved.

Retired admiral Thad Allen, the US pointman for the government's response to the disaster, said the operation to intersect and cement the deepwater well had been successfully completed.

"With this development, which has been confirmed by the Department of the Interior's Bureau of Ocean Energy Management, we can finally announce that the Macondo 252 well is effectively dead," Allen said.

"Additional regulatory steps will be undertaken but we can now state, definitively, that the Macondo well poses no continuing threat to the Gulf of Mexico."

The announcement marked an anti-climactic end to a five-month battle to cap a busted undersea well that gushed nearly five million barrels (210 million gallons) of oil into the Gulf, the largest maritime spill in history.

No oil has leaked into the Gulf in the three months since the well off the Louisiana coast was plugged in a so-called "top kill" operation, but the US administration insisted that it also be sealed from the bottom with a relief well.

A final pressure test of the cement seal was completed at 5:54 am (1054 GMT), officials said.

"Today, we achieved an important milestone in our response to the BP oil spill -- the final termination of the damaged well that sat deep under the Gulf of Mexico," President Barack Obama said in a statement.

Obama said there was now a diminished need for the massive response to the spill, but "we also remain committed to doing everything possible to make sure the Gulf Coast recovers fully from this disaster."

He vowed to "see our communities, our businesses and our fragile ecosystems through this difficult time."

BP pledged to continue "remedying the harm that the spill caused to the Gulf of Mexico, the Gulf Coast environment and to the livelihoods of the people across the region."

The disaster was triggered by an explosion on the Deepwater Horizon rig -- leased by BP and operated by Transocean Energy -- that killed 11 workers on April 20.

The accident broke pipelines between the rig and the ocean floor, spewing massive amounts of oil into Gulf waters, exposing the oil- and wildlife-rich region's vulnerability to deep sea drilling.

For weeks, every effort to plug the well 5,000 feet (1,500 meters) below the surface of the sea fell short as the spreading oil fouled hundreds of miles of shoreline, closed fishing grounds and threatened fragile ecosystems.

The Obama administration also imposed a moratorium on deepwater drilling, setting back another mainstay of the Gulf economy while the cause of the disaster was under investigation.

Eighty-seven days into the crisis, BP finally succeeded in placing a giant cap over the well that stopped the flow of oil.

But the costs were huge, with local livelihoods disrupted and nearly 70 billion dollars wiped off BP's market value.

BP, whose chief executive Tony Hayward was forced to resign, has spent eight billion dollars trying to contain the disaster and has forecast it will eventually cost the energy giant more than 32.2 billion dollars.

"Although the well is now dead, we remain committed to continue aggressive efforts to clean up any additional oil we may see going forward," Allen said.

Multiple investigations into the disaster are still under way and official responsibility has yet to determined. An internal BP investigation laid some of the blame on its contractors.

BP America's CEO Lamar McKay sought to put a positive spin on the lessons his company has learned from the disaster, saying they would be shared to prevent a repeat in the future.

 

Related Articles