China asks Mexico for more decisive trade relationship
Mexico’s trade relations with China it must be more decisive, considering the loss of participation of products whose country is the market leader in the Asian nation, said Zhang Run, embassy of the People’s Republic of China in the country. “The great potential for economic cooperation between China and Mexico requires greater determination and wisdom from both sides,” he said during the presentation of the sixth China Mexico International Import Fairwhich will be held next November.
An example of this, he said, is that Mexico is the largest endurance producer and dominates the Chinese market, however, with the signing of free trade agreements between China and several countries around the world. , including five Latin American countries, exports have been large quantities of this fruit in the Chinese market.
This “has caused Mexico’s share of the Chinese market to drop to around 10%,” the official said at the event organized by the Mexican Business Council for Foreign Trade, Investment and Technology (Comce). .
Moreover, he warned, that today China is negotiating and studying the free trade agreement (TLC) with more countries in the Latin American network. i mean i eat supporters of economic globalization and free tradeThe two countries should take active measures to promote the establishment of free trade relations and update the bilateral investment protection treaty.
Zhang Run pointed out that Mexico is China’s second largest trading partner in Latin America and, in turn, China is Mexico’s second largest trading partner in the world. “Mexico exports a large amount of minerals, auto parts, electromechanical and agricultural products to China,” he said.
In addition to pointing out that China will achieve a strong economic rebound and contribute one-third to global growth, according to the World Economic Fund. Thus, “China will continue to be the engine of economic growth, because of its resilience, potential and dynamism, as well as because its policies yield continuous positive results,” he said.
For his part, Sun Chengahi, deputy director of the China International Import Expo Office, said his country is increasingly opening its doors to the world. Thus, in July this year, the total level of Chinese tariffs is reduced to 7.3%, “well below the World Trade Organization commitment of 9.8%”, he pointed out. .
The negative list of access to foreign capital for the pilot national free trade zones set up in 2022 is reduced from 31 to 27.
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Source: El Heraldo De Mexico
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