The Undersecretary for Industry and Trade, Rogelio Garza, has highlighted some investment opportunities in the industrial and manufacturing sectors during the Sixth China Overseas Investment Fair (COIFAIR), held in Beijing, China.
As part of his program of activities in China, Rogelio Garza, Undersecretary of Industry and Trade of the Secretariat of Economy, gave a seminar on investment opportunities in the industrial sector of Mexico, within the COIFAIR.
To officials and executives from over 60 companies, Undersecretary Garza emphasized the opportunities that the favorable economic environment of our country and the ongoing structural reforms provide for foreign investment, underlining the potential participation of Chinese capitals in the global chains of value for the automotive, aerospace, electrical, electronic, chemical and metallurgical industries, in which Mexico has a leadership position.
COIFAIR is an excellent platform to promote Chinese investment overseas, organized and led by the National Commission of Development and Reform (CNDR, by its initials in Spanish), which is the highest authority responsible for the economic planning in China.
Opening the seminar, the Ambassador of Mexico in China, Julián Ventura, said that the seminar is part of the specific actions agreed by the presidents Enrique Peña Nieto and Xi Jinping, in order to develop an ambitious investment agenda and identify innovative mechanisms to increase exchanges in the industrial and manufacturing areas of priority interest for both countries.
As part of its activities in China, the Undersecretary Garza visited the Zhongguangcun Science Park in Beijing, to explore the possibilities of the bilateral cooperation in innovative industries.
This park is a public initiative to encourage the development and scientific and technological innovation. It covers an area of over 16 thousand square meters and houses more than 200 leading companies with more than 1,000 scientific innovations in new energy, transportation, medical and electronic sciences, among others.
In 2013, China was among the first global investors, placing capital abroad by a record number of over 100 billion dollars.