• The Mexican president wished his counterpart success in his chairmanship of the Group of 20.

• China is interested in major investment projects in Mexico, said Xi Jinping.

• The meeting was held at the headquarters of the G20 Leaders’ Summit.

President Enrique Peña Nieto met today with President of the People's Republic of China, Xi Jinping, as part of his participation in the G20 Leaders’ Summit in this city.

The meeting, the fifth since the beginning of both governments, allowed the leaders to review the progress made in the bilateral agenda, a year after the Mexican President’s state visit to China.

The Chinese president described the meeting with President Enrique Peña Nieto as “a meeting between old friends,” adding that his country is keen to further strengthen the friendship between the two nations.

During President Peña Nieto’s administration, bilateral relations between the two countries have made significant progress in creating a broader-ranging work agenda with greater trade and investment.

President Peña Nieto welcomed the opening of the Industrial and Commercial Bank of China (ICBC)’s office in Mexico in October this year, which will offer corporate financing, international trade solutions, and global banking services.

With the establishment of ICBC in our country and the implementation of the Binational Fund and the Energy Investment Fund, which has up to 2.4 billion USD dollars to develop projects in Mexico, bilateral relations have mechanisms to facilitate a greater investment flow.

Both leaders said that the G20 has a crucial role to play in maintaining stability and promoting strong, balanced and inclusive growth and to improve global economic governance.

The Mexican president expressed his best wishes for China’s upcoming chairmanship of the G20 and offered to share Mexico’s experience to contribute to the success of its chairmanship. It particularly offered support for the meeting of this mechanism scheduled for September of next year.

President Xi Jinping said that China is interested in major investment projects in Mexico. He highlighted the Special Economic Zones (SEZ), which the President proposed to Congress; this is a new development model for the south that will attract investment, create jobs and improve the quality of life of its inhabitants.

Both presidents agreed on the importance of encouraging a long-term vision for relations between Mexico and China, and the fact that the intensity of high-level political dialogue has been a mainstay in the new stage of bilateral ties.

They therefore welcomed the establishment of consultation mechanisms and mutual visits by ministers, parliamentarians and local government authorities.
They hoped that the meeting of the Permanent Binational Commission, scheduled for 2016, will result in the adoption of an ambitious Joint Action Program in keeping with the potential of their bilateral relations.

As regards trade, they welcomed the progress in the access of Mexican food products to the Chinese market through the recent signing of protocols to export white corn and frozen beef and for the electronic exchange of import and export certificates for agricultural, aquaculture and fishery goods.

China is Mexico’s second largest trading partner worldwide and its second largest among Asia-Pacific countries.