(MENAFN) Mexican President said that his country will set up a USD2.4 billion investment fund with China to support infrastructure, mining and energy projects, Oman Observer reported.
The countries also eye an oil deal worth more than USD5 billion, as the Mexican President seeks to form closer ties with China following years of rivalry between the two countries seeking to supply the US market.
"I want to stress that the basis of our relationship is trust. Now Mexico-China relations are broader, more stable, more productive and more beneficial for our people," he added.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.