Published On: Wed, Jul 22nd, 2015

Mexican Treasury and Finance Minister’s Visit to France was Historic

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The Mexican government expressed its commitment to strengthen relations with European countries to expand political, trade and cooperation ties, reinforcing the Mexican world presence and attracting international investments.

The Treasury and Public Finance Secretariat (SHCP) spokesperson said that this allows greater economic development, job creation and foster production in Mexico.

President Enrique Peña Nieto’s state visit to France was the result of a shared decision to reinforce bilateral relations, he said.

It was a historic visit that produced concrete results through the signing of more than 60 bilateral agreements, strengthening cooperation between both nations in diverse fields including economic, scientific, technological and educational,” said the spokesperson.

France is one of Mexico’s principal partners in the European Union. The historical accumulation of French investments in Mexico is about €1.3 billion and almost €900 million in the last two years, he said.

Mexico has more than 1,600 businesses with French capital located mainly in the manufacturing, commercial and transport sector.

Trade has increased 193 percent between both nations since the 2000 Free Trade Agreement.

According to a SHCP spokesperson, the Mexican visit to France was historic. (Photo: NOTIMEX)

According to a SHCP spokesperson, the Mexican visit to France was historic. (Photo: NOTIMEX)

 

As a source of tourism, France is the third-most important European country for Mexico. In 2014, Mexico had close to 214,000 French tourists, while France received more than 308,000 Mexican visitors. There are more than 500 institutional agreements between Mexican and French academic institutions.

 

France is the third-most important destination for Mexican students and the sixth most important receiving Mexican trainees from the National Council of Science and Technology.

 

During the state visit, the Strategic French-Mexican Council presented its second work report with concrete recommendations to strengthen cooperation and advance relevant issues.

The Economic French-Mexican Forum organized by ProMéxico and the Movement of French Business brought together prominent members of the academic, business, and government sectors of both countries.

 

Source: http://thenews.mx/2015/07/mexico-eu-nations-strengthen-relations/

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