The President of Mexico,
Enrique Peña Nieto, and the President of the Republic of Haiti, Michel
Martelly, participated as witnesses of honor at the signing of the Agreement on
the Reciprocal Promotion and Protection of Investments between Mexico and
Haiti. The treaty, whose negotiations concluded last March 5, was signed by the
Secretary of Economy of Mexico, Ildefonso Guajardo Villarreal, and the Minister
of Trade of Haiti, M. Jude Hervey Day, within the framework of the World
Economic Forum on Latin America 2015 (WEF-LATAM, for its acronym in English).
Mexico-Haiti is the first treaty on economic-trade agreement celebrated between
both countries and contains provisions that:
- ensure the non-discrimination to foreign investors to guarantee an
equivalent treatment accorded to domestic investors;
- provide guidelines for the resolution of appropriate disputes and
compensations before arbitrary measures; and
- promote greater investment flows between the signatory countries.
The legal certainty
provided by this tool, capitalizes on the economic recovery process of Haiti,
and take advantage of the investment opportunities identified in various trade
missions between both countries. Among the sectors of interest for Mexican
investors, are included: food, textile-clothing chain, energy, infrastructure,
internet services, mobile telephony and tourism.
In the period
2001-2012, Mexico caught a fifth of investments in Latin America and the
Caribbean (286 billion dollars from 1.349 billion dollars)1, and has
made investments for 22.4 billion dollars2 in the region,
nearly double what Mexico has received from the region during this period (11.9
billion dollars)3. The signing of the treaty between Mexico and
Haiti, reaffirms the unequivocal commitment of the country to deepen its
economic ties with the countries of Latin America and the Caribbean.
1 UNCTAD Stat.
(excluding the British and US Virgin Islands).