On behalf of the
Secretary of Economy, Ildefonso Guajardo Villarreal, the Undersecretary of
Foreign Trade, Francisco de Rosenzweig, will participate in the Meeting of
Ministers Responsible for Trade of the Mechanism of the Asia-Pacific Economic
Cooperation (APEC, for its acronym in English), which takeS place in Boracay
Island, Philippines, on 23 and May 24, 2015.
This year, the
Philippines is the seat and chairs the APEC's works whose principal theme is
"Building inclusive economies by building a better world." The
ministerial meeting aims to promote the dialogue and joint cooperation to
address the economic and trade challenges of the Asia-Pacific region.
ministerial meeting, the discussions will focus on three priorities: improve
the regional economic integration; support the multilateral trading system; and
promote the participation of small and medium-sized enterprises in the regional
and global markets.
Apart from the APEC
ministerial meeting, the Secretary de Rosenzweig will hold bilateral meetings
with his counterparts from Australia, Canada, United States, Philippines and
New Zealand, with whom he will share views on their respective bilateral
economic relations, to promote opportunities to improve the participation of
Mexico in the markets of the Asia-Pacific region and progress in the
negotiations of the Trans-Pacific Partnership (TPP, for its acronym in
APEC is now the
most important forum for dialogue in the Asia-Pacific region. It brings
together 21 economies that, together, account for about 40% of the world's
population, 58% of global Gross Domestic Product and 49% of the trade in the
The economies of
APEC are integrated by Australia, Brunei Darussalam, Canada, Chile, China,
Korea, USA, Philippines, Hong Kong, Indonesia, Japan, Malaysia, Mexico, New
Zealand, Papua New Guinea, Peru, Russia, Singapore, Thailand, Chinese Taipei
Last year, the
trade between Mexico and the APEC economies accounted for 85.3% of our total
trade with the world and 55.9% of the Foreing Domestic Investment received by
Mexico in the same period of 1999-2014.
Mexico joined APEC
in 1993 to expand and diversify its economic ties with Asia-Pacific. The
participation and coordination of the works of Mexico in APEC are the
responsibility of the Secretariat of Economy.