ID :
30939
Tue, 11/18/2008 - 19:21
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http://m.oananews.org//node/30939
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Profile: MEXICO, AN EMERGING POWER
Jakarta, Nov 18 (ANTARA) - The United Mexican States Commonly known as Mexico, is a federal constitutional republic in North America.
More countries are trying to develop relations with Mexico which offers many aspects to do like those in the cultural, social, political and economic sectors.
The United Mexican States are a federation of thirty-one states and a federal district, the capital Mexico City, whose metropolitan area is one of the world's most populous.
The 31 states and the Federal District are collectively called "federal entities", and all are equally represented in the Congress of the Union.
Felipe de Jesus Calderon Hinojosa is the President of Mexico. He assumed office on December 1, 2006, and was elected for one six-year term that will end in 2012 without the possibility of re-election.
He is affiliated with the National Action Party (PAN), a mostly conservative organization with a tendency toward more neoliberal economic ideas.
Covering almost 2 million square kilometres, Mexico is the fifth-largest country in the Americas by total area and the 14th largest independent nation in the world.
With an estimated population of 109 million, it is the 11th most populous country.
Constitutionally, Mexico City, as the capital of the federation and seat of the powers of the Union, is the Federal District, a special political division in Mexico that belongs to the federation as a whole and not to a particular state, and as such, has more limited local rule than the nation's states.
Nonetheless, since 1987 it has progressively gained a greater degree of autonomy, and residents now elect a head of government and representatives of a Legislative Assembly directly.
Unlike the states, the Federal District does not have a constitution but a statute of government. Mexico City is conterminous and coextensive with the Federal District.
Mexico is located in a region known as Middle America. Almost all of Mexico lies in the North American Plate, with small parts of the Baja California peninsula on the Pacific and Cocos Plates.
Geophysically, some geographers include the territory east of the Isthmus of Tehuantepec (around 12% of the total) within Central America. Geopolitically, however, Mexico is considered part of North America along with Canada and the United States.
As a regional power and the only Latin American member of the Organisation for Economic Co-operation and Development (OECD) since 1994, Mexico is firmly established as an upper middle-income country. Mexico is a newly industrialized country and the 12th largest economy in the world by GDP by purchasing power parity.
The economy is strongly linked to those of its North American Free Trade Agreement (NAFTA) partners. Despite being considered an emerging power, the uneven distribution of income and the increase in insecurity are issues of concern.
Mexico has a free market mixed economy, and is firmly established as an upper middle-income country. It is the 11th largest economy in the world as measured in gross domestic product in purchasing power parity.
According to the latest information available from the International Monetary Fund, Mexico had the second-highest Gross National Income per capita in Latin America in nominal terms, at $9,716 in 2007, and the highest in purchasing power parity (PPP), at $14,119 in 2007.
After the 1994 economic failure, Mexico has made an impressive recovery, building a modern and diversified economy. Recent administrations have also improved infrastructure and opened competition in seaports, railroads, telecommunications, electricity generation, natural gas distribution and airports.
Oil is Mexico's largest source of foreign income. According to Goldman Sachs BRIMC review of emerging economies, by 2050 the largest economies in the world will be as follows: China, United States, India, Japan, Brazil, and Mexico.
Approximately 90% of Mexican trade has been put under free trade agreements with over 40 countries, of which the North American Free Trade Agreement remains the most significant. Almost 90% of Mexican exports go to the United States and Canada and close to 65% of its imports come from these two countries.
Other major trade agreements have been signed with the European Union, Japan, Israel and many countries in Central and South America.
Mexico was among the largest exporters in the world. Mexican exports roughly equal the total exports of all Mercosur members together, Venezuela inclusive. According to the Forbes Global 2000 list of the world's 40 largest companies in 2008, Mexico had 16 companies in the list.
According to the World Tourism Organization, Mexico has one of the largest tourism industries in the world. In 2005 it was the seventh most popular tourist destination worldwide, receiving over 20 million tourists per year, it is the only country in Latin America to be within the top 25.
Tourism is also the third largest sector in the country's industrial GDP. The most notable tourist draws are the ancient Meso-American ruins, and popular beach resorts. The coastal climate and unique culture, a fusion of European (particularly Spanish) and Meso-American cultures, also make Mexico attractive.
Energy production in Mexico is managed by State-owned companies the Federal Commission of Electricity (Comision Federal de Electricidad, CFE) and Pemex (Petroleos Mexicanos). Most of the electricity is generated in thermoelectrical plants, even though CFE operates several hydroelectrical plants, as well as wind power, geothermal and nuclear generators.
Mexico also sinks its capital in other countries including Indonesia. Mexican investment in Indonesia is relatively small, both they agreed to enhance cooperation in investment by negotiation of Investment Promotion and Protection Agreement (IPPA).
Mexico has released a counter draft of Indonesia the delegates would discuss it and expected to be finalized before November 2008.
Indonesia and Mexico have discussed MoU on Indonesia-Mexico Joint Trade and Investment Committe (JTIC) and draft of Indonesia-Mexico Trade Agreement.
Mexico which is Indonesia's 31st export country is a relatively big market as its economy is developing, and thus Mexico is potential for Indonesia's main trade partner in Middle and Latin America.
The ITPC (Indonesia Trade Promotion Centre) is opened in Mexico City as an effort to expand both countries' trade potentials.
Indonesia's export growth to Mexico in the last five years (2003-2007) averaged 10.1% per year.
Indonesia's export value to Mexico in 2007 reached US$ 361,0 million, or increased by 13.5% compared to US$ 318.0 million in 2006. In January-March period in 2008, it is US$ 90,7 million, or increased 5.3% compared to the previous year, US$ 86,0 million.
Mexico is considered as a productive market in Northern America. In January 2007, Indonesian Energy and Mineral Resources Minister and Mexican Energy Minister signed letter of intent on LNG exports to Mexico, in an effort to enhance Indonesian LNG trade.
Apart from LNG trade, the ministers' agreement also consists of technology and human resource exchanges in an effort to develop and apply the environmental concept.
More countries are trying to develop relations with Mexico which offers many aspects to do like those in the cultural, social, political and economic sectors.
The United Mexican States are a federation of thirty-one states and a federal district, the capital Mexico City, whose metropolitan area is one of the world's most populous.
The 31 states and the Federal District are collectively called "federal entities", and all are equally represented in the Congress of the Union.
Felipe de Jesus Calderon Hinojosa is the President of Mexico. He assumed office on December 1, 2006, and was elected for one six-year term that will end in 2012 without the possibility of re-election.
He is affiliated with the National Action Party (PAN), a mostly conservative organization with a tendency toward more neoliberal economic ideas.
Covering almost 2 million square kilometres, Mexico is the fifth-largest country in the Americas by total area and the 14th largest independent nation in the world.
With an estimated population of 109 million, it is the 11th most populous country.
Constitutionally, Mexico City, as the capital of the federation and seat of the powers of the Union, is the Federal District, a special political division in Mexico that belongs to the federation as a whole and not to a particular state, and as such, has more limited local rule than the nation's states.
Nonetheless, since 1987 it has progressively gained a greater degree of autonomy, and residents now elect a head of government and representatives of a Legislative Assembly directly.
Unlike the states, the Federal District does not have a constitution but a statute of government. Mexico City is conterminous and coextensive with the Federal District.
Mexico is located in a region known as Middle America. Almost all of Mexico lies in the North American Plate, with small parts of the Baja California peninsula on the Pacific and Cocos Plates.
Geophysically, some geographers include the territory east of the Isthmus of Tehuantepec (around 12% of the total) within Central America. Geopolitically, however, Mexico is considered part of North America along with Canada and the United States.
As a regional power and the only Latin American member of the Organisation for Economic Co-operation and Development (OECD) since 1994, Mexico is firmly established as an upper middle-income country. Mexico is a newly industrialized country and the 12th largest economy in the world by GDP by purchasing power parity.
The economy is strongly linked to those of its North American Free Trade Agreement (NAFTA) partners. Despite being considered an emerging power, the uneven distribution of income and the increase in insecurity are issues of concern.
Mexico has a free market mixed economy, and is firmly established as an upper middle-income country. It is the 11th largest economy in the world as measured in gross domestic product in purchasing power parity.
According to the latest information available from the International Monetary Fund, Mexico had the second-highest Gross National Income per capita in Latin America in nominal terms, at $9,716 in 2007, and the highest in purchasing power parity (PPP), at $14,119 in 2007.
After the 1994 economic failure, Mexico has made an impressive recovery, building a modern and diversified economy. Recent administrations have also improved infrastructure and opened competition in seaports, railroads, telecommunications, electricity generation, natural gas distribution and airports.
Oil is Mexico's largest source of foreign income. According to Goldman Sachs BRIMC review of emerging economies, by 2050 the largest economies in the world will be as follows: China, United States, India, Japan, Brazil, and Mexico.
Approximately 90% of Mexican trade has been put under free trade agreements with over 40 countries, of which the North American Free Trade Agreement remains the most significant. Almost 90% of Mexican exports go to the United States and Canada and close to 65% of its imports come from these two countries.
Other major trade agreements have been signed with the European Union, Japan, Israel and many countries in Central and South America.
Mexico was among the largest exporters in the world. Mexican exports roughly equal the total exports of all Mercosur members together, Venezuela inclusive. According to the Forbes Global 2000 list of the world's 40 largest companies in 2008, Mexico had 16 companies in the list.
According to the World Tourism Organization, Mexico has one of the largest tourism industries in the world. In 2005 it was the seventh most popular tourist destination worldwide, receiving over 20 million tourists per year, it is the only country in Latin America to be within the top 25.
Tourism is also the third largest sector in the country's industrial GDP. The most notable tourist draws are the ancient Meso-American ruins, and popular beach resorts. The coastal climate and unique culture, a fusion of European (particularly Spanish) and Meso-American cultures, also make Mexico attractive.
Energy production in Mexico is managed by State-owned companies the Federal Commission of Electricity (Comision Federal de Electricidad, CFE) and Pemex (Petroleos Mexicanos). Most of the electricity is generated in thermoelectrical plants, even though CFE operates several hydroelectrical plants, as well as wind power, geothermal and nuclear generators.
Mexico also sinks its capital in other countries including Indonesia. Mexican investment in Indonesia is relatively small, both they agreed to enhance cooperation in investment by negotiation of Investment Promotion and Protection Agreement (IPPA).
Mexico has released a counter draft of Indonesia the delegates would discuss it and expected to be finalized before November 2008.
Indonesia and Mexico have discussed MoU on Indonesia-Mexico Joint Trade and Investment Committe (JTIC) and draft of Indonesia-Mexico Trade Agreement.
Mexico which is Indonesia's 31st export country is a relatively big market as its economy is developing, and thus Mexico is potential for Indonesia's main trade partner in Middle and Latin America.
The ITPC (Indonesia Trade Promotion Centre) is opened in Mexico City as an effort to expand both countries' trade potentials.
Indonesia's export growth to Mexico in the last five years (2003-2007) averaged 10.1% per year.
Indonesia's export value to Mexico in 2007 reached US$ 361,0 million, or increased by 13.5% compared to US$ 318.0 million in 2006. In January-March period in 2008, it is US$ 90,7 million, or increased 5.3% compared to the previous year, US$ 86,0 million.
Mexico is considered as a productive market in Northern America. In January 2007, Indonesian Energy and Mineral Resources Minister and Mexican Energy Minister signed letter of intent on LNG exports to Mexico, in an effort to enhance Indonesian LNG trade.
Apart from LNG trade, the ministers' agreement also consists of technology and human resource exchanges in an effort to develop and apply the environmental concept.
