Mexico and Japan are strengthening their economic ties.

The foreign ministers of Mexico and Japan have announced the creation of a joint working group to “strengthen economic ties” between the two countries.

These ties come amid trade tensions between Mexico and the United States, as well as the impact Japan is facing due to rising fuel prices.

Roberto Veelasco, Secretary of Foreign Affairs (SRE), has announced that an agreement will be reached to establish a working group aimed at strengthening ties under the Mexico-Japan Economic Partnership Agreement. He also noted that the issue of joint membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)—a trade agreement between Mexico and Japan—will be addressed.

The head of the SRE emphasized that, through the mechanisms mentioned above, economic and technological cooperation—such as in the field of artificial intelligence—would be expanded.

The Mexican foreign minister emphasized that efforts will be made to strengthen the economic resilience of both countries and their strategic supply chains, with the support of both countries' economic ministries.

Meanwhile, Japan’s Minister of Foreign Affairs, Toshimitsu Motegi, confirmed that, given the current situation between the United States and the Middle East, the Japanese government has decided to continue its relationship with Mexico in the energy sector.

Japan ranks eighth among Mexico's trading partners, is the fourth-largest source of investment, and ranks first among Asia-Pacific economies, with more than 1,600 companies that generate nearly 350,000 jobs.