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China, Mexico Agree to Expand Bilateral Cooperation

| Nov 15, 2014 05:58 AM EST

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During their Nov. 13 meeting at the Great Hall of the People in Beijing, Chinese President Xi Jinping and Mexican President Enrique Peña Nieto agreed to forge a new "1+2+3" pattern of cooperation in the development of the China-Mexico comprehensive strategic partnership.

Under the "1+2+3" arrangement, the two heads of state agree to one engine of financial cooperation; two mainlines of trade and investment cooperation; and three key fields of infrastructure, energy and high-technology cooperation.

Xi and Peña Nieto also agreed that their respective countries should focus on the converging points of their development strategies, and in doing that, formulate practical, effective and targeted action plans.

The two also concurred that multilateral cooperation should be strengthened and that they should jointly help in promoting the international order toward a fairer and more reasonable direction to safeguard the common interests of developing countries.

Xi assured Peña Nieto that China welcomes more Mexican products in the Chinese market, and that it will be organizing a "Tourism Year of Mexico" as well as the second "China-Mexico University Presidents Forum" in China next year.

Xi also said that China is willing to cooperate closely with Mexico in convening the first ministerial meeting of the "Forum of China and the Community of Latin American and Caribbean States" (CELAC), a venue where cooperation between China and Latin America can be explored and promoted. Beijing is volunteering to host the occasion.

Peña Nieto told the Chinese president that he welcomes China's offer to participate in Mexico's reform, especially in infrastructure construction, and hopes that the "Mexico-China Investment Fund" will be launched as soon as possible.

Mexico, he said, is willing to cooperate with China in enhancing its presence in international affairs, and that it will continue to actively promote the development of the Latin America-China relationship.

The two heads of state also agreed to cooperate with each other in order to both gain positive results during the upcoming G-20 Brisbane Summit.

Following their discussions, Xi and Peña Nieto jointly witnessed the signing of documents formalizing cooperation between their respective countries in such fields as finance, energy, quality inspection, investment and science and technology.

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