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Country e– book

MEXICO

SUBMITTED BY:

ANJALI MEHTA PGDM2/1504

IGPE

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TABLE

OF

CONTENTS

2 Mexico :History

Timeline

1 About Mexico

3 Mexico : Geo

Political Signifi-

4 Mexico - India

Comparison

5 Mexico - India

Relations

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1 About

Mexico

Introduction: Comprised of 31 states and one

federal district, Mexico is home to the world’s

largest population of Spanish speakers. From the

temples of Chichen Itza, to the beaches of Can-

cun or the bustle of Mexico City, Mexico boasts a

diverse landscape and rich history.

Geography: Mexico is a country between the

U.S. and Central America that's known for its Pa-

cific beaches and its diverse landscape of

mountains, Mountains cover much of Mexico.

deserts and jungles . The country land is rich in

valuable metals like silver and copper.

People & Culture: Mexico is the product of a

rich Indian heritage, three centuries

of Spanish rule, and a shared border with the

world's richest country, the United States. Today,

most Mexicans are mestizos, which means they

have a mix of Indian and Spanish blood .

Government & Economy: Federal govern-

ment. President- Enrique Peña Nieto

Currency- Mexican Peso

Mexico is a country with great problems and

great potential. It is rich in natural resources but it

struggles to fight with poverty.

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DO YOU KNOW?

Mexico's official name is United Mexican States.

Mexico is the 11th most populous country of the world with 121 million

people with land area of 1,923,039 sq km

Mexico has 68 official languages, though Spanish the most spoken

language

In Mexico, artists can pay their taxes with artwork.

World’s largest pyramid is not in Egypt but in Mexico (The Great Pyramid of Cholula)

Popcorn was first domesticated in Mexico around 9,000 years ago.

Mexico is world’s fattest country.

Mexico City boasts the largest taxi fleet in the world with 100,000 taxis running every day.

Mexico: Birth rate: 19.02/1000; infant mortality rate: 12.58/1000; life expectancy: 75.43

(Source: http://www.factslides.com/s-Mexico)

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2 Mexico: History

Timeline

Rise and Fall of Aztecs

Modern Mexico

(Source: http://www.history.com/topics/mexico/)

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Mexico have been the home of very old civilizations, people

in the old Mexico developed agriculture at least 7000 years

ago, in a totally independent way that the other civilization

centers, Mesoamerica (modern day Mexico) is one of the 6

original civilizations of the world, at the same level as Egypt,

China, India, Mesopotamia and Greece.

Mexico is a "cultural island" separated of LA by the small

Central American countries. Mexico is closer to North America

not only because geography, also because history and

economy. Historical Mexico´s affairs are oriented to the North,

not to the South. Mexico´s commerce is also focused in the

U.S., The Latin American countries are "providers" of natural

resources to China and USA.

Because its large population and the proximity to the U.S.

Mexico´s economy is growing and growing, now is the 11th

in the world and soon will be among the top 5. In some ways

Mexico is the equivalent of Britain in Europe, is important but

distant, have big influence in the continent but keeps a very

particular identity, wants to be respected but doesn't want to

commit.

Synergies have driven Mexico into dependence on the United

States. The US has had the option of shifting its imports away

from China and sourcing from Mexico instead. This shift has

had a huge impact on Mexico’s growth.

3 Geo–

Political

Significance

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4 Mexico -

India

Comparison

BASIS INDIA MEXCO

Continent Asia North Ameri-

ca

Capital City New Delhi Mexico city

Currency Indian Ru-

pee

Mexican Pe-

so

Government

type

Federal Re-

public

Federal re-

public

Legislature

size

790 mem-

bers

628 mem-

bers

UN member Yes Yes

BASIS INDIA MEXICO

GDP $2.07 trillion

(7th in the

world)

$1.28 trillion

(11th in the

world)

GDP growth 6-7 % 2.23%

Unemploy-

ment rate

3.6% 4.9%

Population 1.3 billion 128 million

Adult Litera-

cy rate

69% 93%

Military ex-

penditure

2.48% of

GDP

0.68 % of

GDP

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Historical India-Mexico relations have consistently been friendly, warm and

cordial, characterized by mutual understanding and growing

bilateral trade and all-round cooperation. Both countries are large

emerging economies, with similar socio-economic development

priorities and constraints, and have democratic, secular, and

pluralistic systems, as well as convergent worldviews. Mexico was

the first Latin American country to recognize India after her

independence, and both established diplomatic relations in 1950

Political Impelled by their commonalities, convergence of worldviews, and

an issues-free relationship, India and Mexico have collaborated

together closely on most major global issues, such as nuclear

disarmament, climate change, trade, and global economic

architecture. They elevated their ties to ‘Privileged Partnership’

during President Calderon’s state visit to India in 2007. The two

countries have exchanged as many as 11 visits at the level of Head

of State or Government, the last bilateral visit being former

President Pratibha Patil’s in 2008.

Economic and Commercial Bilateral trade is growing rapidly in recent years, at double-digit

rates consistently, however yet well below its potential. It touched

US$6.45 b (Mexican figures) in 2014. In the first 09 months of 2015

the total bilateral trade reached at $4.6b. Mexico’s imports from

India grew at 29.93% in 2014, while in the first nine months of 2015 it

jumped to almost 3.1 billion, a 12.18% increase from the same

period of the last year, with a well-diversified basket, comprising,

inter alia, chemicals & petrochemicals, engineering goods,

automobiles & auto parts, pharmaceuticals, diamonds, textiles &

garments, and gasoline. Crude oil is still the major Mexican export

to India, besides fertilizers, iron & steel, and engineering goods. The

5 Mexico -

India

Relations

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India’s main components of export based to Mexico

Engineering goods, chemicals and pharmaceuticals, gems & jewellery, textiles,

agriculture products.

Main components of Mexico’s export basket to India

Crude oil, fertilizers, iron & steel, electrical and mechanical equipments,

photographic products, auto parts.

Potential Areas for Bilateral Trade

Software and IT, pharmaceuticals, chemicals, engineering goods, renewable

energy, biotechnology, auto parts, minerals.

Investments and Joint Ventures

Investments from India in Mexico are estimated significantly above US$ 1 billion.

Most of the leading Indian companies in IT/software (TCS, Infosys, Wipro, NIIT,

BirlaSoft, HCL, Aptech, Hexaware, Patni, Tech Mahindra etc.) and pharmaceutical

(Claris Life Sciences, Wockhardt, Sun Pharma, Dr. Reddy’s Laboratories, Torrent

Pharmaceuticals, Lupin Pharma, Zydus Pharma etc.) sector have set up joint

ventures in Mexico taking advantage of its strategic location, large market and

investment friendly policies.

In 2008, JK Tyres of India bought Mexican tyre company Tornel. Leading Mexican

companies like Homex, Cinepolis Cemex and Mexichem have likewise invested in

India in recent times. Major investments in the steel and mining sector have also

been made by the Arcelor Mittal Group.