The Secretary of Economy, Ildefonso Guajardo Villarreal, and the Minister of Commerce and Industry of the Czech Republic, Jan Mládek, participated in the "Business Day Mexico-Czech Republic" organized by ProMéxico, the Mexican Business Council for Foreign Trade, Investment and Technology (COMCE, by its initials in Spanish) and the Embassy of the Czech Republic in Mexico.
At this business conference, the Secretary Guajardo Villarreal and the Minister Mládek, witnessed the signing of instruments to promote greater economic and trade links between the two countries:
- Memorandum of Understanding, signed by Enrique de la Madrid, Director General of the National Bank of Foreign Trade (Bancomext, by its initials in Spanish) and representatives of the Company of Guarantees and Insurances of Credit for Exports (EGAP, by its initials in Czech), to promote the bilateral trade and investment through the cooperation between the two institutions
- Agreement on Cooperation and Friendship, signed between the COMCE and the Confederation of Industry of the Czech Republic (SP ČR) to establish direct contacts between the companies of both countries and seize business opportunities.
At the end of the event, the Secretaries held a private meeting to review the status that keep the trade relations and investment between Mexico and the Czech Republic, and discussed the importance of modernizing the trade pillar of the Global Agreement between Mexico and the European Union (FTA, in Spanish) to deepen the bilateral economic ties.
The Minister Mládek confirmed the interest of his country to start negotiations this year. After the meeting, the Secretaries welcomed the Czech business mission which attended the business day.
Since the incorporation of the Czech Republic to the European Union (EU), the bilateral trade increased by 14, going from 93.3 million dollars in 2003, to 1,334 million dollars in 2014.