The News. EFE.
Mexico, - 12/13/2001.
The Senate on Wednesday unanimously approved a measure intended to make
investments between Cuba and Mexico safer and easier.
Mexico has signed agreements with many other nations in an effort to provide
greater security and legal protection to its investments abroad.
During the debate, legislators assured the agreement is compatible with the
free-trade accords Mexico has signed with other countries and respects each
nation's internal legislation in matters of foreign investment.
Sen. Maria del Carmen Ramirez, of the center-left Party of the Democratic
Revolution (PRD), explained the objective of the new accord is to attract
foreign capital and diversify Mexico's sources of foreign funding.
In addition to protecting Mexican investments, the agreement is a "rejection"
of the Helms-Burton Law, the U.S. legislation that sanctions third-country firms
that trade with Cuba, Ramirez said. |