Published On: Wed, Jul 1st, 2015

Mexico and Spain, Consolidated as Prime Trading Partners

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The economic and social progress of Mexico and Spain are a clear sign and guarantee of the excellent state of relations between the two nations, Spanish King Felipe VI said Tuesday.

During a business meeting between the two countries, the king said that in 2014, the bilateral trade flow between the two countries was about €9 billion.

“Trade and business relations between our two countries nurture the wealth of affinities and shared interests, in addition to thriving for the benefit of our societies and their welfare,” he said.

Felipe VI agreed with Peña Nieto that despite the economic crisis, exchanges and cooperation at the highest level between the two nations remain constant and strong.

He recalled that since the mid-1990s, Spain and Mexico began a process of deepening trade and economic relations.

“These have led to the consolidation of the Mexican nation as a prime trading partner,” he said.

Spanish King Felipe VI and Mexican President Enrique Peña Nieto speak during a business meeting in Mexico City, Tuesday, June 30. (Photo: CUARTOSCURO./ MOISÉS PABLO)

Spanish King Felipe VI and Mexican President Enrique Peña Nieto speak during a business meeting in Mexico City, Tuesday, June 30. (Photo: CUARTOSCURO./ MOISÉS PABLO)

Mexico is the most important market in Latin America and a prime destination for investment, he said, which has led Spain to position itself as the second-largest global investor.

During a speech, President Enrique Peña Nieto said Mexico and Spain both faced the political and economic cost of making structural adjustments.

“Mexico needed to change just like Spain, which courageously decided to make the necessary adjustments to reverse the adverse scenario it faced,” he said.

In Mexico, he added, the 12 structural reforms have paved the way for increasing the country’s economic potential.

The reforms have allowed the country to grow steadily at higher rates, generating welfare for Mexicans and more job opportunities.

 

Source: http://thenews.mx/

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