Australia, Mexico sign energy accord

Jan. 21, 2005
Australia and Mexico have signed a memorandum of understanding (MOU) for 10 years of energy cooperation.

Rick Wilkinson
OGJ correspondent

MELBOURNE, Jan. 21 -- Australia and Mexico have signed a memorandum of understanding (MOU) for 10 years of energy cooperation.

The MOU establishes a framework for collaboration on energy matters, including the exchange of information on policies, development of technologies, and encouragement of bilateral trade.

Although the countries already cooperate on regional energy issues through the APEC Energy Working Group, Australia's Minister for Industry Ian Macfarlane said the MOU will strengthen the partnership by promoting greater sharing of technology, information, and investment.