Over the past seven years, the relation between both nations has grown up to 40% a year.

Industries such as: automotive, aero spatial, logistics, foods and beverages, electronics and electrical appliances, tourism, medical equipment, chemical organics, iron and steel; are true opportunities for Mexico and China to benefit from.

In order to promote and consolidate trade cooperation between Mexico and China, ProMexico and China’s Investment Promotion Agency will sign an agreement memorandum based upon bilateral businesses, which will identify the joint working areas that might help reinforce investment between both nations.

The agreement stipulates information exchange and potential investors references, along with investment promotion activities as well as constant and fluent communication between Mexican and Chinese governments with the purpose of consolidating their relation.
Such memorandum will be signed by Bruno Ferrari, ProMexico’s CEO, who is currently in China, following up President’s Felipe Calderon visit to this country during the month of July when the signature of the document was considered as one of the gathering main results.

The bilateral cooperation agreement for investment promotion contemplates carrying out seminars, bilateral missions and linking both agencies websites in order to organize online promotion activities.  

The trade relation between Mexico and China has increased considerably over the past years. The Asian country has become Mexico’s second commercial partner (second supplier and ninth buyer).

Trade between Mexico and China has increased about 926% in the past seven years, going from 3,083 million dollars in 2000 to 31, 639 million dollars in 2007. This represents an annual growth of 40%. As for exports, an 831% growth was registered during the same period, going from 204 millions of dollars in 2000 to 1,895 millions of dollars in 2007, this represented a growing rate of 38% a year. Imports also increased in 933%, going from 2, 879 millions of dollars in 2000 to 29, 744 millions of dollars in 2007, the growing rate a year was also of 40%.

From January 1999 to December 2007, Chinese enterprises invested 66.5 millions of dollars in Mexico, the amount represented 0.04% of Foreign Direct Investment (FDI) registered in such period which grew up to 186, 591.2 millions of dollars.

In December 2007, 480 societies with Chinese social capital were registered it was 1.2% of the total Foreign Direct Investment (FDI) societies registered in Mexico (38, 194).

Chinese investment canalized into the country was mainly destined to the factory industry, which received 40.5% of its total; services captured 38.7%; trade got 20.5% and construction industry represented a 0.2%.

Thanks to the agreement memorandum signature, both countries will work together in order to identify future investments. Currently sectors such as: automotive, aero spatial, logistics, foods and beverages, electronics and electrical appliances, tourism, medical equipment, chemical organics, iron and steel; are true opportunities for Mexico and China to benefit from.