President of Mexico Makes Official Visit to UKBy Fernanda Duque Hernández
Energy and Education, sectors most benefitted.
From March 3rd to 5th, Mexican President Enrique Peña Nieto made an official trip to United Kingdom, where he was received by HRM Queen Elizabeth II and the Royal family. During these days the chief executive held important meetings with political, social and business leaders of the UK.
Emilio Lozoya, CEO of Mexico’s state oil company Pemex, and a member of President Peña Nieto’s retinue, signed an important agreement with the British Export Credits Guarantee Department (ECGD) to open a credit line for US $1 billion. Additionally, Lozoya secured an agreement with Aberdeen University (Scotland) for an academic exchange aimed at improving Human Resources management and sustainability policies in Pemex.
This official visit set the bases for the creation of the Mexico-UK High Level Company Group which, at its first reunion, presented the British business sector’s intention of investing in the Mexican aerospace, automobile and construction sectors.
The Ministry of Foreign Affairs and the UK Department for Business, Innovation & Skills secured a binational agreement for the improvement of academic exchange between both countries. This objective will be supported by US $3 million from the Newton Fund. The agreement on mutual recognition of studies, diplomas and degrees in higher education was also signed, a document that will benefit 170,000 professionals from Mexico and the UK.
The UK represents an important market for Mexico’s tourism industry and vice versa. For this reason and to boost connectivity between both countries’ destinations, Interjet and British Airways signed a business intention agreement. The Mexican Minister of Tourism, Claudia Ruiz Massieu, stated that the meetings held on this business trip will improve sustainable procedures in tourism.
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