Mexico has taken advantage of the provisions of the Agreement between Mexico, the United States and Canada (T-MEC) to obtain greater access to the United States market, which generates great attraction for Chinese companies that seek to expand their operations in North America through nearshoring and softlanding, said engineer Víctor Méndez, president of the China Chamber of Commerce and Technology.

The empowerment of trade cooperation between Mexico and China advances in terms of new energies, infrastructure, energy, mining, household appliances, telecommunications, digital economy, petrochemicals and more, as expressed by the vice minister and representative of China for International Trade Negotiations, Wang Shouwen.

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For his part, Zhang Run, China's ambassador to Mexico, emphasized that "both China and Mexico are emerging economies that have an irreplaceable role in maintaining the existing international order and leading global economic recovery, and the relationship between China and Mexico has been demonstrating a good momentum for multi-level and wide-ranging development."

Currently, China is Mexico's second largest trading partner worldwide and Mexico is China's second largest trading partner in Latin America and the Caribbean, marking an annual increase of 17.5% in imports, and 17.97% in exports.

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Víctor Méndez commented in this regard that trade between China and Mexico is an important trade, but that it is very unbalanced. He explained that the Trade Balance between trade between China and Mexico, and vice versa, was 10 to 1, so the potential that exists between both countries is important. There are more than 200 companies from China that already invest in Mexico, which generates growth in employment and industries.

The Mexico – China Business Forum event seeks to highlight the beginning of a close collaboration that enriches the work program for the year 2023, as well as promoting initiatives, projects and services that create opportunities for all companies that invest and trade between Mexico and China.

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Original note