• They hailed the fact that bilateral trade is continuing to increase with an increasingly positive, complementary profile for the competitiveness of the two economies.
  • China is Mexico's second largest trading partner worldwide and the third market for Mexican exports. Mexico is also China’s largest trading partner in Latin America. In 2015, trade between the two countries stood at $74.9 million USD.

President Enrique Peña Nieto and his Chinese counterpart Xi Jinping held a meeting today prior to the start of the G20 Leaders’ Summit, during which they declared that they will continue promoting the efforts of both governments to engage in a profound, productive political dialogue and prioritize the bilateral investment agenda.

The two leaders hailed the fact that bilateral trade is continuing to increase with an increasingly positive, complementary profile for the competitiveness of both economies.

At the meeting, held at the Hangzhou Guest House, President Peña Nieto hailed the formalization of the China-Mexico Fund for investment in various projects involving more than $50 million USD

He also welcomed the fact that the flow of Chinese visitors to Mexico continues to increase, since between 2014 and 2015 it rose by 30 per cent.

He recalled that China is Mexico’s second largest trading partner worldwide and the third market for Mexican exports. Mexico is also China’s largest trading partner in Latin America. In 2015, trade between the two countries stood at $74.9 billion USD.

He said that Mexico is advancing towards the goal of achieving greater presence of Mexican agrifood products in the Chinese market.

President Peña Nieto said that the “Year of China-Latin America Cultural Exchange” was held in 2016 and that in 2017, joint work is expected to continue to undertake high-profile cultural activities to continue expanding academic exchange and scholarship programs between the two countries.

He said that the second joint call for scientific and technological research projects will be issued soon. He proposed to continue expanding exchanges, including joint start-of-the-art research on  clean energy, biotechnology, agriculture, aerospace engineering, water resources, environment and health.

Presidents Peña Nieto and Xi Jinping discussed the importance of improving air connectivity, adding that work is underway to authorize direct flights between Mexico and China.