Mexico

Time to look east?

Print edition : March 31, 2017

A Petroleos Mexicanos (Pemex) truck in Veracruz, Mexico. In 2014, Mexico abolished the monopoly of the state-owned Pemex, inviting foreign investment. ONGC Videsh Ltd set up an office in the country in 2015. Photo: Brett Gundlock/Bloomberg

Vehicles in a lot before export from the port of Veracruz on January 8. Mexico's foreign trade, at 60 per cent of its gross domestic product, is higher than India's even in absolute terms. Photo: Brett Gundlock/Bloomberg

President Enrique Pena Nieto driving Prime Minister Narendra Modi to a restaurant in Mexico City on June 8, 2016. This visit secured Mexico's support for India's candidature in the Nuclear Suppliers Group. Photo: PTI

Recent developments, including Donald Trump’s aggressive actions, may make Mexico more receptive to emerging global economies, and it would be to India’s advantage to be ready should that country decide to look east.
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