CHINA TOPIX

05/06/2024 12:32:36 am

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Mexico Eyes Stronger Trade Ties with China

Mexico's President Enrique Pena Nieto Visits China

(Photo : Getty Images) Mexico's President Enrique Pena Nieto (L) and China's President Xi Jinping (R) stand in front of national flags during a signing ceremony after their meeting at the Great Hall of the People on November 13, 2014 in Beijing, China.

Mexico wants to strengthen its ties with China and attract more investment, Luis Videgaray, Foreign Affairs Minister, said on Monday as cited by state-backed Xinhua News agency.

"We want to attract investment and continue to strengthen our ties with China in a comprehensive way," he said, adding that Mexico has already initiated steps to bolster its trade ties with other Latin American nations as well as Asia, Europe, and Africa.

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"Regarding China, we have to remember that it is a country with which we have elevated our relationship, the character of our comprehensive strategic partnership, and we are seeing an increase in the flow of trade," he said, further noting that Mexico's exports are already growing since most of the country's trade with China is through imports.

Talking about the United States, which recently withdrew from the Trans-Pacific Partnership and revealed its plan to build a wall along its border with Mexico, Videgaray said, "We are going to... maintain dialogue and we are going towards a process of negotiation."

But even before President Donald Trump assumed office, both China and Mexico have already committed to strengthen ties in the sectors of trade, investment, resources, infrastructure, flight connectivity improvement, and financial services, during a meeting last month.

"They agreed to deepen mutual trust and develop the bilateral dialogue about subjects of mutual interest via the Mexico-China Strategic Dialogue," Mexico's Foreign Ministry said in a statement as both countries prepare for Trump to test Washington's relationship with them.

Last month's meeting was represented by Chinese State Councilor Yang Jiechi and Mexican Foreign Minister Claudia Ruiz Massieu.

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