At the invitation of President Peña Nieto, President
Park Geun-hye arrived in Mexico on April 2. He was met by the Korean Ambassador to Mexico, Chun Bee-ho, and the Undersecretary of
Foreign Affairs, Carlos de Icaza.
His visit will give continuity to the
high-level political dialogue that is deepening the strategic partnership
between the two countries. The President is accompanied by a large group
of Korean businessmen.
President Park Geun-hye’s agenda
includes laying a wreath at the Monument to the Heroic Cadets (Niños Heroes); an official welcoming ceremony
at the National Palace; a meeting between delegations; the signing of several
documents and the inauguration of the Mexico-Korea Business Forum.
According to the Economy Ministry, in
2015, the Republic of Korea was Mexico’s sixth largest trading partner in the
world and ranked third in the Asia-Pacific region. In 2015, trade between
the two countries totaled USD 17.449 billion, an increase of 10.4% compared to
2014 (USD 15.81 billion).
Mexican exports totaled USD 2.816
billion, a 38.8% increase over 2014 (USD 2.028 billion). Imports from Korea
increased 6.2% compared to 2014 (USD 13.782 billion), to USD 14.633 billion.
Mexico and the Republic of Korea have
had a Strategic Partnership for Mutual Prosperity since 2005, and have an
excellent political dialogue at the bilateral level and in the G20, APEC and MIKTA.
They also agree at the multilateral level on issues such as the 2030 Agenda,
climate change and reform of the United Nations Security Council.