Wednesday 22 May 2013
Mexico City.- Investing more in infrastructure, bridges, ports and broadband with Chinese technology is vital to strengthen trade relations between Mexico and the People’s Republic of China, Dionisio Perez Jacome, Secretary of Communications and Transportation, advised. In the last 10 years, trade exchange between both countries grew over 1,200%, going from US$4.4 billion to US$58 billion, standing out telecommunications industry (broadcasting apparatus, computers, cell phones).
“There is a complex economic trend this year due to the European crisis and price changes worldwide; therefore, both countries should implement strategies to adjust the balance trade and increase exports for Mexico to China”, Chen de Ming, China’s Minister of Trade, assured.
Chen de Ming also pointed-out that Chinese investment in Mexico has reached US$60 billion, while Mexico’s investment in China was US$33 billion in 2011; he therefore invited Mexican businessmen to invest in the Asian market.
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