With the representation of the Secretary of Economy, Ildefonso Guajardo Villarreal, the Undersecretary of Foreign Trade, Francisco de Rosenzweig, made a working tour to the cities of Tianjin and Beijing, in China, where he attended the Eight Annual Meeting of New Champions 2014 of the World Economic Forum (WEF) and the Sixth Investment Forum China -Latin America, where he held meetings with representatives of the Chinese government and entrepreneurs from the textile industry of Mexico and China.
In the framework of the Eight Annual Meeting of New Champions, organized by the WEF, from 10 to 12 September in Tianjin, which brought together about 1,500 business leaders from more than 90 countries, the Undersecretary held meetings with government representatives and leaders business with global reach.
He also opened in Beijing the Sixth Investment Forum China -Latin America organized by Latin Finance, where he highlighted the positive impact that the structural reforms will get in competitiveness and in a greater participation of the Mexican manufacturing sector in the global value chains.
Also, he stressed while chairing the panel discussion "How to increase capital flows between China and Latin America", that the preferential access of Mexico, due to its network of free trade agreements, represents a unique opportunity to deepen the economic relationship between China and Latin America, considering the importance of China's investment abroads, which in 2013 reached 100 billion dollars.
Also in Beijing, the Undersecretary Francisco de Rosenzweig met with his counterpart from the Ministry of Commerce, Zhang Xiangchen to strengthen the bilateral economic dialogue and advance in the preparations for the Sixth Standing Binational Committee Mexico-China, to be held in Mexico City next September 29.
On the other hand, the Undersecretary Francisco de Rosenzweig, and the Customs General Manager, Alejandro Chacón, held a working meeting with the Deputy Minister of the General Administration of Customs of China, Hu Wei, to encourage the exchange of information on foreign trade operations to combat practices of undervaluation of goods.
As part of the visit, the Undersecretary Francisco de Rosenzweig and the President of the National Chamber of the Textile Industry of Mexico (CANAINTEX, by its initials in Spanish), Moses Kalach, held meetings with representatives of the textile and garment industry to increase the exports of Mexican products in China.
China is the second largest trading partner of Mexico and the fourth export destination of our country. The bilateral trade amounted to $ 67,791,000 during 2013.