According to Kuwait News Agency (KUNA), Mexico and Kuwait are expected to sign a agreement to boost and protect investments between the two countries as a part of a bilateral trade agreement. This trade agreement will protect and encourage Kuwaitis to create businesses overseas and will eventually add a provision allowing for the full compensation of damages incurred to Kuwaiti entrepreneurs. This agreement will also allow for the settlement of trade disagreements through international arbitration. This trade agreement will be the result of a memorandum signed by the President of Mexico and the Prime Minister of Kuwait in July of 2010. Unfortunately I have not been able to find any specifics of this trade agreement as it is still being fine-tuned, however I did find that both Kuwait and Mexico are oil producers, which might have lead to their cooperation. The visit by the Kuwaiti Prime Minister came at a time when Mexico was on the UN Security Council and many issues concerning Kuwait were being discussed, furthermore the UN Climate Change Conference was to be held in Mexico later that year. I found it very interesting how these two oil producing countries were able to create this trade agreement and come together even though they are both from very different areas of the world.
Kuwait remained South Korea's number 2 oil exporter in January for the third straight month.
Recently a report published showed that more than 27% of Kuwaitis are diabetic, and of that number 6% have foot infections which could lead to amputations, if left untreated. Compared to the US, only 8.3% of all Americans have diabetes and only about 6% of the population has had this type of foot infection (however I do not know if this is a correct statistic).
For further reading:
http://www.arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/156923/reftab/96/t/Kuwait-and-Mexico-sign-memos-on-cementing-ties/Default.aspx
http://www.menafn.com/menafn/1093612310/Kuwait-Mexico-Sign-Agreement-to-Boost-Investments
http://www.arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/193406/reftab/36/t/Over-27-pct-of-people-in-Kuwait-suffer-from-diabetes/Default.aspx
http://www.menafn.com/menafn/1093612012/Kuwait-remains-S-Koreas-key-crude-oil-supplier
On the subject of the trade agreement, even if both countries do produce oil, I still think it is pretty interesting that these particular countries decided to make the trade agreement. Is there any particular reason (besides the oil) that anyone knows of that influenced the choice of trade partners?
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