President Enrique Peña Nieto will pay a state visit to Argentina as part of the bicentennial of the independence of that country and in response to an invitation by President Mauricio Macri issued in Davos, Switzerland on January 22, 2016.
This is the first state visit by a Mexican president to this country in five years.
The two leaders have met twice: at the World Economic Forum in Davos, Switzerland (January 2016) and during the V Pacific Alliance Summit in Puerto Varas, Chile (July 1, 2016).
In 2015, trade between the two countries totaled $2.554 billion USD. Mexican exports amounted to $1.497 billion while imports of Argentine products stood at $1.057 billion USD, making Argentina Mexico’s fourth largest trading partner in Latin America and the Caribbean, and the 22nd largest worldwide.
Mexican investment in Argentina between 2005 and 2013 amounted to $3.8375 billion USD. Major Mexican companies with investments in Argentina include Grupo Bimbo, Alsea, Coca-Cola FEMSA and Grupo Claro.
Accumulated FDI from Argentina in Mexico between 1999 and March 2016 amounted to $1.054.7 billion USD. Argentina has several investment companies in Mexico including the Techint Group, Tecpetrol, Tenaris, Terrium, Pan American Energy and Gupo Arcor.
Argentina Capital: Buenos Aires Population (2015): 43.42 Languages: Spanish Area: 2,780,400 km2
Form of government: Democratic Federal Republic Religion: Catholics (69.5%), Protestants (19.0%), no religion (10.0%), Islam (1%), other (0.5%).