MEXICO CITY, Mexico - Mexican events company CIE has claimed to have signed a five-year contract to host Formula 1 races in Mexico from 2015.The company said in a filing with the Mexican stock exchange that the deal, about which it gave no details, was still subject to negotiation.Races, according to CIE, will be at the Rodriguez Brothers' race track - Hermanos Rodriguez circuit - in Mexico City hasn't hosted a Formula 1 race since 1992. The 4.4km track can seat 32 000, according to its website.22-YEAR ABSENCEMexico has been trying to get back the sport back into the country since its 22-year absence since 2013. Wheels24 reported that Mexico was initially on the provisional calender for the 2014 season before F1 supremo Bernie Ecclestone axed the idea. According to Biser3a automotive website, CIE is working with Carlos Slim Domit, the son of Carlos Slim, the world’s richest man, to get Mexico back on the Formula 1 calendar.Mexico first hosted a F1 GP at the Hermanos Rodriguez circuit in 1963 to 1970 and then from 1986 to 1992 giving it a total of 15 races.Bisera3a reports that CIE has hosted all the F1 races but the venue would need an upgrade to be up to FIA standards. Another option, according to a Reuters report, could be a new street circuit in Guadalajara.FIA president Jean Todt told a news conference in Mexico City that Mexico would be welcome to the Formula 1 calendar.Todt said: “Today Mexico has a strong economy and I am convinced that in the future this will be possible. We know that racing is costly. There are a series of criteria that need to be met for the event, most importantly security.”Sauber driver Sergio Perez is the first Mexican F1 driver to race in the sport since 1981.Read the original story here.