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Mexico-China Trade Relations
Commercial Economic Dossier Mexico-China 2009
*Mexico-China Chamber of Commerce and Technology
Today, China’s economy is in second place among the countries of Asia and third on a world scale. According to the International Monetary Fund, in 2008 China’s GDP totaled almost 4.5 trillion dollars.
On February 14th 1972, Mexico and China established their diplomatic relations. In the years elapsed since that time these have developed considerably. At present, China is Mexico’s second trading partner at world level.
2008 was a particularly important year as the President of Mexico, Felipe Calderón, visited the Asian giant. His visit reaffirmed the fact that since the two countries established diplomatic relations, all of Mexico’s presidents have visited China.
Similarly, the Ministry of Foreign Affairs accords high priority to the strengthening of Mexico’s links with all the countries that make up the Asia-Pacific region, based on a comprehensive, long-term vision.
In 2005, Mexico strengthened its links with Japan through the signing of an Economic Association Agreement to establish a cooperation agenda with regard to small and medium-sized companies. In 2008, Felipe Calderón held two meetings with the Japanese Prime Minister, in Hokkaido, Japan, in July and in Lima, Peru, in November.
Also in Hokkaido, the Mexican President met with the Presidents of Korea and Indonesia, Lee Myung-bak and Susilo Bambang Yudhoyono, with whom he signed various instruments of cooperation between the diplomatic academies, the entities promoting foreign trade and between the national petroleum enterprises.
Likewise, Mexico received the visits of Pratibha Patil, President of India, and the President of Indonesia, and established diplomatic relations with the Kingdom of Tonga, the Solomon Islands and the Independent State of Samoa. In November 2008, Mexico welcomed the Minister of Trade and Industry of Singapore, Lim Hng Kiang, within the framework of whose visit the relations between the two countries were promoted in the economic, trade, energy and infrastructure spheres.
In 2009, China and the Asia-Pacific region in general maintain themselves on the route to becoming consolidated as a priority field of action for foreign policy in benefit of Mexico’s economic and social development and its position vis-à-vis with one of the world’s main centers of political and economic power in the 21st century.
