• Few economies have achieved such swift, successful development as Singapore. Today it is one of the countries with the highest GDP per capita and one of the world's main financial and logistics centers, he said.
  • "We have agreed, as part of the 40 year celebration of our diplomatic relations, to broaden relations between our countries, based on their competitive advantages and strengths.
  • The Special Economic Zones we are developing in Mexico are another opportunity we must leverage to increase our trade; Singapore will be able to contribute its expertise in logistics and port matters, he said.
  • At the National Palace, President Peña Nieto received President of Singapore Tony Tan Keng Yam, currently on a state visit to Mexico; the first country in Latin America to be visited by a Singaporean head of state.
  • Structural reforms create possibilities to do more things together by establishing greater trade and investment opportunities: President of Singapore.

President Enrique Peña Nieto said that in order to deepen bilateral relations with Singapore, “ Today I agreed with President Tony Tan Keng Yam, “To promote political dialogue between the two countries, foster close relations between Southeast Asia and Latin America and the Caribbean, strengthen our economic ties and promote the ratification of the Trans-Pacific Partnership (TPP).”

He stressed that Singapore is the logistical heart of Asia and a key country in the TPP, to which Mexico also belongs. The Transpacific Partnership Agreement provides us with a framework to expand, grow and strengthen trade relations between the member countries of this strategic cooperation agreement and economic partnership framework, said President Enrique Peña Nieto.

Afterwards, at a luncheon in honor of President Tony Tan and his wife, Mary Tan, hosted by President Peña Nieto and his wife, Angélica Rivera de Peña, the president of Mexico said that, “Singapore’s contribution to global progress far exceeds the size of its population.”

A clear example of this, he said, “Is the leadership Singapore has shown in conceiving the TPP, as one of its four founding countries.”

This instrument, he said, “Is the boldest trade agreement to date, bringing together 12 countries with a population of nearly 820 million people; that is, almost 150 times the population of Singapore. The TPP is an ideal framework for increasing our trade.”

President Peña Nieto said that another opportunity that should be leveraged, “Are the Special Economic Zones that are developing in Mexico, where Singapore can contribute its expertise in logistics and port issues.”

He said that Singaporean businessmen are familiar with our country, because, “More than 200 Singaporean companies have been set up here with investments of over $1.7 billion USD in sectors such as electronics, shipping and hotels.”

“I am sure Mexican investors will also take advantage of the great options offered by Singapore to continue building business success stories,” he said.

Previously, in a press statement as part of the activities to mark the state visit by the president of Singapore to Mexico, the Mexican president said that in the past 25 years, “Singapore has achieved a level of development that has become a benchmark of global success.”

“”Twenty-five years ago, Singapore was a developing country but has now established itself as a fully developed country,” he said. He added that few economies have achieved such swift, successful development as Singapore. Today it is one of the countries with the highest GDP per capita and one of the world’s main financial and logistics centers,” he said.

President Peña Nieto thanked the Singaporean President for the distinction of making, “Mexico the first Latin American country to be visited by a head of state of Singapore.”

During the event, held at the National Palace, the two leaders witnessed the signing of three cooperation agreements:

  • Memorandum of Understanding between the Mexican Foreign Affairs Secretariat and the Singaporean Ministry of Foreign Affairs on International Development Cooperation.
  • Memorandum of Understanding between the Mexican Education Secretariat and the Singaporean Ministry of Education on Cooperation in the Field of Education.
  • Memorandum of Understanding on Agricultural and Food Cooperation between the Mexican Agriculture, Livestock, Rural Development, Fisheries and Food Secretariat and the Singaporean Agri-Food and Veterinary Authority.

President Peña Nieto explained that these three instruments have the following objectives: “To promote academic exchanges for students, specialists and researchers from both countries; to encourage technical and scientific cooperation in the agriculture, fisheries and promotion of agricultural development sectors; and to undertake triangular cooperation projects to support the progress of Latin America, particularly in the management of water resources and urban planning.”

He added that at the Mexico-Singapore Business Forum, held yesterday, Singaporean companies expressed interest in increasing their investments in Mexico, in the areas of tourism, aerospace, urban planning, ports and creative industries, among others. Likewise, investment opportunities for Mexican companies were reviewed in areas such as medical equipment, marine products, energy, manufacturing, infrastructure, port services and tourism.

He said that today, “In the dialogue I have had with the President of Singapore, we have agreed, within the framework of the 40 years of our diplomatic relations, to broaden relations between our countries, based on their competitive advantages and strengths and the level of development Singapore has achieved in recent years, and the competitive, preferential geographic location it has in the Southeast Asia region.”

He said that Mexico also, “Offers to be a logistics center for the world, a strategic geographical point, connecting with Latin America and North America, which obviously establishes an important and privileged framework to expand relations between Singapore and Mexico.”

COOPERATION BETWEEN MEXICO AND SINGAPORE IS BROAD, STRONG AND GROWING EVEN MORE: President of Singapore

President of Singapore Tony Tan said that, “Cooperation between Mexico and Singapore is broad, strong and growing even more,” adding that: "We will work very closely with President Peña Nieto and his government to strengthen our relations and our interests.”

He said that in the past 10 years, trade between the two nations has more than doubled, "Mexico is now Singapore’s second largest trading partner  in Latin America and its 26th largest worldwide” and said that, “There are many possibilities for us to do more together, especially with the major structural reforms that Mexico has approved in the past three years.”

These reforms, he said, “will make Mexico's economy more competitive and better prepared to meet the challenges it will face in the future. They have created more opportunities for trade and investment, and the ratification of the TPP will further increase these opportunities,” he said.

The Singaporean president said that he had a very productive meeting with President Peña Nieto, “On a wide range of issues, including developments in our areas of the world and the significant progress that has been achieved in the bilateral relations between our countries.”

He said that the two leaders have repeated their shared commitment to building strong, prosperous societies, with positive developments in terms of economic cooperation.

He hailed the fact that both Mexico and Singapore have made significant progress in several areas of development, which has opened up many new opportunities to increase bilateral cooperation. By way of an example, he mentioned the agreements on agriculture that will pave the way for cooperation in other areas, including agricultural science, technology, food security and safety, as well as the agreement on education.

The Singaporean president said that it was a great honor to be the first president of that nation to pay a state visit to Mexico. At the luncheon held in his honor and that of his wife, he said that this visit marks a milestone in bilateral relations between Mexico and Singapore, and welcomed the fact that it has taken place within the framework of the celebration of the 40th anniversary of bilateral relations.

"I feel very confident that it also marks the beginning of the next chapter in our bilateral relations, and what we can really do in the next 40 years and even beyond,” he said.

He noted that Singapore offers a friendly atmosphere in which Mexican companies can expand their operations and take part in Asia’s continued growth. He added that there are 81 Mexican companies in Singapore, capitalizing on its strategic location for markets in the region.

He also invited Mexican students to participate in the exchange programs and postgraduate programs of the various Singaporean universities and to take advantage of the collaboration in scientific research.

Mexico and Singapore, said, “Can work well together because they share a common belief in the importance of mutual respect, dialogue and negotiations to arrive at and achieve mutually beneficial results. We share a belief in the value of building bridges and establishing stronger relations between our regions.”