·        Seventeen cooperation agreements will be signed on issues such as technology and innovation, electricity and clean energy, police development, the fight against transnational organized crime, higher education, health and social security, tourism, creative industries and intellectual property.

·        As part of the growing bilateral economic relationship, in 2000, total trade stood at $4 billion USD; by 2015, it totaled 17 billion USD, and during the same period, Korea’s annual investment has increased by a factor of 24, he said.

·        Mexico and Korea have an invaluable opportunity to create a new future for substantial cooperation and shared growth: President Park Geun-hye.

President Enrique Peña Nieto said today that the official visit to Mexico by President of Korea Park Geun-hye confirms the ties of friendship and fraternity that unite the two nations, while, “Updating and enhancing the windows of opportunity that are opening to expand the economic relations, cooperation and fraternal relations between our nations.”

After leading the official welcome ceremony for President Park at the National Palace, the Mexican president said that during his private meeting with the Korean President, and subsequently with their respective entourages, they were able to, “Review and update the framework of the fraternal relations and brotherhood that have identified Korea and Mexico,” since 1962.

The two leaders issued a joint media statement after the signing of various agreements and cooperation instruments between the two countries.

President Peña Nieto declared that today, “We signed important agreements to establish a joint committee to promote trade, investment and cooperation in the industrial and energy sectors; take advantage of new opportunities in the areas of rail transport, port infrastructure and airport services, promote scientific, technical, and information exchange on water resources and operate two new lines of credit, one for one billion dollars for the development of electricity infrastructure, and another for $200 million USD to finance Mexican companies supplying Korean industries.” 

He announced that during this official visit, 17 cooperation agreements will be signed on issues such as technology and innovation, electricity and clean energy, police development, the fight against transnational organized crime, higher education, health and social security, tourism, creative industries and intellectual property.”

The Mexican president said that during the Mexico-Korea business forum, to be held today, links between local and Korean entrepreneurs will be strengthened.

He declared that the two countries recognize the importance of increasing bilateral economic relations, and to provide a context, he said that, “In 2000, our total trade was $4 billion USD and by 2015, it was nearly $17 billion USD, while Korea’s annual investment in Mexico has increased by a factor of 24 during the same period.”

He said that for this reason, “We have agreed to hold working meetings from the fourth quarter of 2016 onwards to expand trade and investment flows. We will explore alternatives such as Mexico’s support for Korea to join the Trans-Pacific Partnership Agreement, the TPP, and the beginning of consultations for a possible bilateral Free Trade Agreement, which would open up a potential market of 50 million people for us.

He said that overall, “This series of agreements confirms the friendship and cooperation between Korea and Mexico.”

Later, at the luncheon hosted in honor of the Korean leader, President Peña Nieto expressed Mexicans’ acknowledgement of “Korea’s tenacity and commitment, which has enabled it, in less than three decades, to become one of the most modern, dynamic and developed economies.”

He told President Park: “Your administration, President Park, is renewing the validity of this successful model of development, and we are confident that by promoting a new 'era of hope', your government will be remembered as the second miracle of the Han River.”

He also acknowledged the Korean president’s leadership in promoting structural reforms and public policies to boost the new creative economy, and support the talent of young entrepreneurs.”

“Korea and Mexico will continue to work closely in order to successfully meet the challenges and opportunities of our time,” he declared.

President Peña Nieto also confirmed Mexico's commitment to peace and international security. “Mexico condemns the development and use of nuclear weapons, and rejects nuclear testing by any State.”

For Mexico, he continued, “Nuclear tests constitute a clear violation of the United Nations Security Council resolutions, while undermining confidence and increasing tension between nations. Nuclear disarmament is a fundamental condition for peace and the future of humanity.”

THE TWO NATIONS HAVE POINTS OF SIMILARITY SUCH AS SWEEPING STRUCTURAL REFORMS TO GENERATE EMPLOYMENT AND CREATE GROWTH ENGINES: PRESIDENT OF KOREA

President of Korea Park Geun-hye said that during this official visit, she has seen that Mexico has a promising future, and stressed that the two countries are strengthening, “Their friendship and trust, which have been maintained for a long time, and are leveraging an invaluable opportunity to open up a new future for more substantial cooperation and shared growth.”

She declared that the two nations share similarities, such as, “The sweeping structural reforms both governments are promoting to generate employment and create new growth engines.”

President Park Geun-hye said that it was, “Because of this shared coincidence that my meeting today with President Peña Nieto focused on finding ways to make bilateral cooperation more robust and substantial.”

She said that although Mexico is Korea’s largest trading partner in Latin America, there is still great potential to increase trade and investment. She highlighted the importance of the agreement reached to hold a working meeting during the fourth quarter of this year, designed to begin bilateral consultations to sign a Free Trade Agreement and find ways for Mexico to support Korea’s eventual accession to the Trans-Pacific Partnership Agreement.

She declared that the two governments agreed to handle various policies designed to support the establishment of Korean companies in Mexico, and Mexican firms in Korea; as well as to facilitate the creation of distribution channels through e-commerce and expanding cooperation to promote trade in consumer goods and raw materials.

The Korean President said that the consensus between the two leaders, “Will result in formidable support for the increase of trade and investment between our countries, serving as a catalyst to strengthen the presence of the Korean private sector in the Mexican market.”

She declared that they will diversify the horizons of cooperation, giving priority to sectors with high added value based on the creative economy. She remarked that on the occasion of the summit meeting in the sectors of new renewable energies, health, medicine, water resources, transit infrastructure, including the intelligent transportation system, “The platform for a partnership with future projection has been cemented,” which she described as extremely significant progress.

She explained that the two countries will make a joint effort to increase and strengthen cooperation in the cultural and sports fields as well as in the cultural and creative industry, which seeks, she explained, to link the cultural capacity of both countries to industrial development.

She also noted that, “The two heads of state will continue to enhance their alliance not only bilaterally but also on the global stage in order to achieve the swift denuclearization of the Korean peninsula.”

Later, at the luncheon hosted in her honor by President Peña Nieto, the South Korean leader declared that she was deeply impressed by the series of institutional reforms the Mexican president is promoting in both the social and economic sphere, and noted that since both countries have an infinite potential for cooperation, it is worth combining their energies to move towards greater growth and prosperity. I hope both countries will advance hand in hand towards a more promising future based on shared values and vision,” she declared.