Japan bets on Mexico and investments increase
Trade between Japan and Mexico doubled between 2004 and 2021, when it passed from seven thousand 400 million dollars to 16 thousand 500 millionwhile the number of Japanese companies in the national territory has increased from 399 in 2009 to more than 1,300 in 2022, according to data from the Ministry of foreign Affairs of the Asian nation.
It is a relationship that has grown and can still growconsider Japanese diplomats and analysts.
“We are strategic global partners that we share core values and have worked extensively cooperatively on global issues,” said Chitauru ShimizuDirector of the Central America and Caribbean Division of the Japanese Ministry of Foreign Affairs.
This is a point on which Miguel Ruiz Cabañas and Carlos Almadaformer Mexican ambassadors to Tokyo.
The a good relationship is reflected in the economyrecalled Yorizumi Watanabe, director of Kansai University’s Department of International Communications for International Studies and at the time, one of the main Japanese negotiators of the agreement of bilateral free trade.
The situation Mexico’s geographic location has not changed and its proximity to the United Statesits convenience for the cproductive adenasare a powerful attraction for Japanese investors.
“Japanese companies and companies they want to increase production. In the United States, it is already difficult to recruit enough labor to establish another production line or factory. Some businessmen are already moving production to Mexico,” said Takao Nakahatageneral manager of JETRO (Japan External Trade Organization) in Mexico.
Mexico is a attractive investment point for this proximityand according to Nakahata, we can expect a rebound in investment from his country.
Source: El Heraldo De Mexico
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