President Enrique Peña Nieto today received Prime Minister Matteo Renzi at the National Palace during his first official visit to Mexico.
“Mexico is undergoing a process of transformation by implementing structural reforms. Italy is doing exactly the same.”
Today’s working meeting is the fourth between the two leaders in just over two years. During the Mexican president’s official visit to Italy, an updated working agenda, in key areas such as tourism, sport, social security and renewable energy, was established.
In addition to reviewing progress in these areas, a constructive dialogue was held to further deepen the Strategic Partnership.
Italy in Mexico
• Italy is Mexico’s third largest trading partner in the European Union.
• Today, the energy sector, where there has been great interest by Italian companies, is expected to attract over two billion dollars in investment between 2016 and 2017.
Thanks to the sweeping reforms of both countries and the work of the Mexico-Italy Business Council , Italian companies have formalized major investment projects in Mexico:
ENEL Green Power invested 157 MDD in the Southeast Wind Power Plant I, in Oaxaca, inaugurated last March.
PIRELLI has invested $400 million USD at its plant in Silao, Guanajuato, which will reach $600 million USD in 2017.
ENI, one of the winners of Round One, announced a billion dollar investment for shallow water drilling.
The two editions of the Italian-Latin American SME Forum have identified mutual trade and investment opportunities in the automotive, agri-food, fashion and footwear sectors.
As of next June, direct flights between Italy and Mexico will be re-established through Alitalia.
“With concrete results such as these, Italians and Mexicans are growing increasingly closer, working together for a better future for both nations.”