Monday, 14 March 2016

India, Mexico need to look at tourist, business visa relaxation

India and Mexico need to look at ways to relax visa norms for businessmen and tourists to enhance economic ties between the two countries, Commerce Secretary Rita Teaotia has said. 

Noting that huge trade opportunities exist in both countries, she said: "The current trade figure of $6.2 billion is just a fraction of what we can do". 

Officials of the commerce department are likely to visit Mexico in the coming months for a high level working group and the visit would focus on ways to enhance trade and investment ties between the two countries. The group on trade investment and economic cooperation was set up in 2007 and met last in 2012. She said if the countries do not work on the visa issues then it would make it difficult for industry and tourists to move to each other countries. 

Mexico is the largest silver producer and fourth largest gold producer and we have an insatiable hunger for both. This would also help growth in tourism, services, pharmaceuticals, petroleum and automobiles, both sides can enhance cooperation. 

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