The working trip of the Secretary of Economy in Paris, France concludes

In his second day of work in Paris, the Secretary Ildefonso Guajardo Villarreal opened before hundreds of European entrepreneurs the Mexico Business Summit, organized by The Economist magazine. In this event, the challenges and opportunities of the Mexican economy and the importance of structural reforms were analyzed to improve the business environment and increase the productivity of the industrial plant. The Secretary Guajardo Villarreal also stressed the importance of the Free Trade Agreement between Mexico and the European Union, which governs the business relationship since 2000 and has allowed:

·         that commercial exchanges with that block are multiplied 3.5 times since the entry into force of the agreement, adding almost 65 billion dollars in 2014; and

·         that the European Union has been positioned itself as the third largest trading partner of Mexico and the second source of investment.

Subsequently, Guajardo Villarreal met with Pierre Gattaz, Chairman of the Mouvement des Entreprises de France (MEDEF by its French acronym), to review the cooperation projects between the MEDEF and its Mexican counterpart, the Employers Confederation of the Mexican Republic (COPARMEX, by its Spanish acronym) and review the actions that movement of companies will held in the framework of the visit of President Enrique Peña Nieto to France next July of this year.

With the aim of promoting investment projects in Mexico, the Secretary of Economy met with executives of the French company Sanofi Pasteur Global, one of the major pharmaceutical companies worldwide. At this meeting, it was discussed the experience and benefits that Mexico provides for the operations of pharmaceutical companies, being an open economy to international flows of trade and investment, positioned as the gateway to major international markets.

The Secretary Guajardo Villarreal also met with executives of Safran, which has operated in Mexico for over 20 years and that, at present, develops activities in the aerospace sector and manufactures components for the aircraft security. The meeting allowed to resume the projects of the company in our country, which they contribute to the development of suppliers in Mexico through technology transfer, and also reiterate the opening of a new project.