Mexico City hosts G-20 summit to promote trade and investment

Within the framework of its 2012 G-20 presidency, Mexico will host the first G-20 Trade & Investment Promotion Summit in Mexico City November 5 - 6, 2012.  The series of meetings will bring together high level representatives of trade promotion organizations and investment promotion agencies as well as business leaders from G-20 member countries to share perspectives and recommendations aimed at facilitating trade and investment throughout the global economy.  The event will be held in a roundtable format, with sessions focusing on topics such as global value chains, synergies between trade and investment and maximizing the value of government services, among others.  Particular attention will be paid to the role of small and medium enterprises (SMEs).  The summit will be opened by Mexican Economy Minister Bruno Ferrari and will feature participation by leading global players such as International Chamber of Commerce Executive Director Stefano Bertasi, World Trade Organization Chief of Staff Arancha González Laya and OECD Secretary General José Angel Gurría.

The G-20 is an organization composed of 20 leading developed and emerging economies, including that of the European Union.  The group was launched in 1999 as a forum for consultation and cooperation by finance and banking officials on policy matters affecting international economic stability.  The presidency or chair of the G-20 rotates annually. Mexico, as chair for 2012, hosted the G-20 Summit in June of this year at the Pacific coast resort of Los Cabos.  The meeting was attended by heads of government and other top officials from the organization’s member economies, such as U.S. President Barack Obama, Brazilian President Dilma Rousseff and Chinese President Hu Jintao, in addition to host Mexican President Felipe Calderón.

G20 Trade and Investment Promotion Summit to Convene Global Leaders Following Up from B20 and G20 Summits in Los Cabos

On November 5-6, the G20 Trade and Investment Promotion Summit will take place in Mexico City where global leaders on trade and investment will convene. The Summit’s objective is to continue an ongoing dialogue between the trade and promotion agencies of the G20 countries in order to build synergies and foster cooperation. Organized by ProMexico, the Organization for Economic Co-operation and Development (OECD), the United Nations’ Conference on Trade and Development (UNCTAD), and the International Trade Centre (ITC), and event’s goal is to have a common call to action on trade and investment promotion which all parties can work upon over the course of the coming year, and present the results within the framework of the G20 Summit in Saint Petersburg, Russia in 2013.

Presidents, CEOs, director generals or undersecretaries of the trade promotion organizations or investment promotion agencies of the G20 member states and invited guests will be attending this exclusive event. Keynote speakers include: ICC’s executive director of policy and business practices Stefano Bertasi, World Trade Organization’s chief of staff Arancha Gonzalez Laya, UNCTAD’s director of investment and enterprise division James Zhan, the Australian Trade Commision’s executive director for education and corporation operations Peter Yulie, OECD’s secretary general Dr. Jose Angel Gurria, the Spanish Trade Institute’s delegate counselor Maria del Coriseo Gonzalez, among many others.

Continue reading on the G20 Trade and Investment Promotion Summit in Los Cabos at MexicoToday.org!

Mexico Among the World’s Top 50 Destinations for “Doing Business” According to The World Bank

Mexico is ranked among the world’s top fifty economies for ease of doing business, and shows improvement for the fourth consecutive year, according to a report just released by The World Bank’s “Doing Business 2013: Smarter Regulations for Small and Medium-Size Enterprises” report. 

The World Bank’s “Doing Business” report joins other internationally well-recognized sources, such as the World Economic Forum and the IMD, that demonstrate how Mexico is advancing in global competitiveness. As MexicoToday reported in recent months:

• Mexico has improved 13 positions in the past two years, as reported by The World Economic Forum (watch video here)
• Mexico has improved 10 positions in the past two years, as reported by the IMD  
• Mexico has improved six positions in the past two years, as reported by The World Bank’s Doing Business report 

The “Doing Business” report assesses regulations affecting domestic firms in 185 economies, including Mexico, and ranks the economies measured by ten areas of business regulation, including: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency.

Continue reading more on "Doing Business" in Mexico at MexicoToday.org!