Mexico-China free trade agreement, not feasible at the moment

Qiu Xiaoqi, China’s ambassador to Mexico, declared that his Country is keeping open doors to negotiate a free trade agreement with Mexico and become an ally for the Mexican entrepreneurial sector. According to Adrian Cisneros, from Forbes, Mexico is not ready yet to obtain benefits from such an agreement. The economy must drive the transition from traditional, low productivity companies to larger, more modern companies, with a lesser focus on marketable manufacture and goods and a greater focus on non-marketable services and goods. In addition to center negotiations around the attraction of productive FDI (not commerce), so that Mexico might benefit from know-how and technology transfer to boost the Mexican companies’ productivity.