Necessary measures to nurture a favorable Business Environment for investors in both countries. The stores in more than five times. I walk into primetime years its third state to endure a sixteen year in korea one from so i need to pay them come and pay so much for joining us. We begin in new delhi where present back in a health of bilateral summit with their Indian Counterpart Manmohan Singh on the stairs to the two leaders agreed to upgrade their free trade pact as early as possible and take necessary measures to nurture a favorable Business Environment for investors in both countries the president ial Office Correspondence us and she was traveling with the president sends us this report president next visit in dna sampling it now for korean firms to more easily and treat the worlds second largest market by population one of the best notable accomplishments of the seven talks between president pack and indian Prime Minister Manmohan Singh on thursday the two leaders decided to quickl
It it remains to be seen whether they are going to be safety case or performance standards or what kind of regulators they are going to be. Norway is another great example. Colombia has a terrific regulator. Those are other countries that have done this well. And on the fund, i think its pretty much only norway that has done this with the kind of political independence, fiscal independence that mexico has done. I think its worth spending a moments talk about the regulator. Thats the key element right now i think in this. The question a the lot of us have is we have a very small, underfunded commission at this point in time. And in a relatively short period of time, were expectings them to either find the Human Capital or resources in mexico or bring them in from outside. And thats the real danger, i think, here. And david said it very well. Is commission going to be allowed to recruit internationally . Will it have the resources to do it . Is it going to be an attractive enough proposi
Budget. Thats the number in 2013. So what we are going to do in the future is that base of the budget coming from oil will remain constant. And the way that it will stabilize our finances. The mexican finances will not be suffering from lack of money. So we have a constant of 4. 7 . After we reach the 4. 7 the rest of the money goes into longterm savings. That, up to 3 of gdp. Once we reach 3 of gdp we put that in the bank. Then if we assume theres another dollar that comes additional to the first, it is defined in the following way. At least 40 of that new dollar goes again to the savings account. That means we increased the savings account until it is is reached from 3 up to 10 of the gdp. Every year we get at least 40 cents of each additional dollar back to states. This is very important because we are thinking of the future. Once we achieve that, the next step is up to 10 of the additional dollar will go to the universal pension fund. Agile, mexico is the creation of a universal pe
Important Political Parties have proved their reform. It has over 20 state legislatures. I think that shows leadership. Now with the polls, it really depends, as in many important issues in public policy, what type of questions you ask. If you describe the benefits of reform of this type, the majority of the feel that are in favor of paying lower costs in electricity or gas. If you want to privatize pemex, you have a high response of no. But this reform is not pemex. Its natural gas in mexico and that will decrease the costs of electricity through the process that we have discussed before. So i believe that this reform as it evolves it will show the benefits to the mexican people. We have also been very careful following the instruction of the president not to establish a timeline that its not going to be achievable. We believe that as david describes accurately that its going to take time. And the constitutional reform establishes already a timeline. We are going to follow it. We can
And aluminum tariffs set to expire at midnight. U. S. Allies are bracing for a trade war. How about a lesson plan . Teachers in the state of arizona set for another day of walkouts as they fight for wage hikes. Were here to shape our youth and if we dont have the resources to do that, whats going to happen to our students when they grow up . We begin this morning with a growing expectation surrounding the president s upcoming summit with north koreans kim jongun. On the one hand, youve got officials and the president insisting theyre willing to walk away if they did not make a deal. But others calling for a Nobel Peace Prize. That can be a powerful incentive to get something done here. First, i what nt ant to explain. It is one thing to have an ann coulter or even Lindsey Graham saying trump deserves a Nobel Peace Prize. This morning the president of south korea said he also thought trump should win it. Folks, we dont even know whether or not the summit is going to take place. But that