Mexico looking for diversification with Latin America, Europe and Asia
Chancellor Luis Videgaray affirmed that Mexico has started the works to intensify its presence, relations and commercial agreements with Latin America, Europe, Asia and Africa. He explained that, as part of the strategy of the Mexican government in the face of the commercial situation with the U.S., Mexico’s presence in Latin America has been intensified, especially in Guatemala, Honduras and El Salvador. In addition, ties to nations from the Pacific Alliance -Chile, Peru and Colombia- have been strengthened. Mr. Videgaray indicated that there are also commercial agreements with Brazil and Argentina in sight. Mexico is looking for the modernization of the commercial agreement with Europe, including a FTA; and there are now more opportunities than ever with Asia regardless of the collapse of the Transpacific Partnership Agreement (TPP).