ASEAN Boosts Trade and Investment with Mexican State | ASEAN

During the meeting with Governor Cuitláhuac Gracía Jiménez (Photo: VNA)

Mexico City (VNA)
– The ASEAN Committee in Mexico (ACMC) with the Mexican Business Council for Foreign Trade, Investment and Technology COME organized a four-day working trip to the Mexican state of Veracruz in order to strengthen Cooperation in trade, investment, tourism, agriculture and seaports.

The May 24-27 tour saw meetings between the delegation and Governor Cuitláhuac Gracía Jiménez; local officials responsible for economic development and seaports, tourism, agriculture, foreign trade and industry in the city of Xalapa; and management boards and port companies in the port city of Veracruz.

During these meetings, the Mexican side highlighted the possibility of increasing multifaceted cooperation with ASEAN, especially in the areas of economy, trade, investment and logistics of seaports.

Vietnamese Ambassador Nguyen Hoanh Nam took the opportunity to highlight the potential for joint work between the parties in the fields of agriculture, manufacturing, IT, education, tourism. and port logistics.

Nam assessed Mexico as one of Vietnam’s important markets in Latin America and called on companies to strengthen connectivity and take advantage of free trade agreements, in particular the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP ), to promote trade and investment.

For Vietnam, Mexico is currently the second largest trading partner in Latin America, while Vietnam is Mexico’s eighth import-export market in Asia.

According to data from Vietnam’s Ministry of Industry and Trade, their bilateral trade reached USD 1.451 billion in the first four months of 2021.

The ACMC is made up of representatives from Indonesia, Malaysia, the Philippines, Thailand and Vietnam./.

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