Mexico City, Mexico — Mexico’s president-elect says that after a meeting with Russian officials, visa requirements between both countries will be eliminated.
Andrés Manuel López Obrador and Viktor Koronelli, Russian ambassador to Mexico, have made public their agreement to eliminate visas that López Obrador says, will double the number of Russian tourists to the country, and in particular, to Riviera Maya.
From January to July of this year, more than 25,000 Russian tourists arrived via the Cancun International Airport. López Obrador says that by eliminating the visa process between both countries, it will “double the flow of tourists to Mexico, especially to Riviera Maya.”
The announcement was made by the future Secretary of Foreign Affairs, Marcelo Ebrard, at a press conference in Mexico City.
“It highlights the progress of the agreement for the visa, that is, it is about achieving as a priority in the first months of 2019, an agreement between both countries so that the visa is not necessary as it is today. This has already been achieved at a diplomatic level, but it has to be achieved at the level of citizens,” he explained.
As part of the economic relationship, Russia will increase the number of investments in Mexico, especially in the automotive area. In coming days, López Obrador says he will travel to Monterrey to inaugurate a new Russian company.
He stressed that for today, Mexico is Russia’s most important trading partner in Latin America. The elimination of the visa for both countries is expected to begin in early 2019.
Mexico Exports to Russia
Mexico Exports to Russia was US$255.75 Million during 2017, according to the United Nations COMTRADE database on international trade.
Russia Exports to Mexico – Forecast
Exports to Mexico CMLV in Russia is expected to be 534.96 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports to Mexico CMLV in Russia to stand at 529.00 in 12 months time. In the long-term, the Russia Exports to Mexico is projected to trend around 528.80 USD Million in 2020, according to our econometric models.
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