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Mexico Free Trade: Japanese businessmen meet with Ministry of Economy, SCT and Sectur

On February 13 the Ministry of Communications and Transport (SCT) presented to Japanese businessmen various infrastructure projects that the administration plans to carry out, such as the development of the Isthmus of Tehuantepec, the Mayan Train and Universal Connectivity.

According to a statement, Javier Jiménez Espriú head of the SCT , received a group of 30 businessmen, during the meeting, the Japanese businessman Kataro Zako said that for Japan, Mexico is a privileged destination for tourism and business development and emphasized the commitment of Japan Airlines with Aeromexico .

He pointed out that Mexico needs an efficient airport system and requires an emphasis on security. In this regard, Jiménez Espriú emphasized that this is one of the priorities of the government in which he is currently working.

Likewise, the special adviser for Trade and Industry of the Japanese government, who heads the most important travel agency in this country, Sasaku , highlighted the work of the Mexican embassy in the Asian country on tourism and business issues where one of the results obtained has been the participation of a Mexican delegation in the ” TEJ” Tourism Expo Japan .

Mexico will participate in the Ninth Tourism Ministerial Meeting of the G-20 in Japan

On the other hand, the businessmen also held a bilateral meeting at the headquarters of the Sectur , which included the head of the unit Miguel Torruco , the Japanese ambassador, Yasushi Takase and the Minister of Land, Infrastructure, Transport and Tourism of Japan, Keiichi Ishii , during which Mexico was invited to participate in the ninthTourism Ministerial Meeting of the G20 to be held in the city of Kutchan, Hokkaido on October 26th.

Torruco said that among the objectives of the Mexican government and the G-20ministers is to harmonize the growth of tourism with the benefit of local communities, as well as to promote sustainable development since only during the period 2012-2018 the arrival of tourists Japanese to Mexico grew 82.6 percent.

Annexed to this invitation, Manuel Torruco was summoned as a special panelist in the Third Ministerial Round Table of the aforementioned Tourist Expo in Japan , which has the support of the World Tourism Organization (WTO) and whose event is scheduled to take place on October 24. in the city of Osaka.

The secretary of economy also announced the coalition with Japan to promote these companies

Mexico and Japan will boost the commercial and economic activity of micro, small and medium enterprises (MSMEs). To achieve this, they will work through the Free Trade Agreement that they have maintained for almost 14 years.

Secretary of Economy, Graciela Márquez Colín, recalled that in 2004 the Economic Association Agreement (EPA) Mexico-Japan was signed . The trade agreement, in force since April 1, 2005, has been very positive in trade and investment.

The bilateral exchange has almost doubled since then, adding more than 22 billion dollars until 2017. This increase has led Japan to be the fourth largest trading partner of Mexico in the world. It is also the second commercial partner of Mexico in Asia, said the head of the Ministry of Economy (SE).

The official explained that imports from Japan are essential for the automotive, energy and electronics industries, among others.

“We not only import final goods, but very important inputs that strengthen the Mexican export platform. Now also seeks to increase cooperation in technology and innovation in line with the new trade policy.

MSMEs and Japan

Through the signing of a memorandum of understanding, both nations will support the MSMEs: ” So far they have not fully benefited from our economic relationship, ” he said.

The Chamber of Commerce and Industry of Japan has affiliates of 1.25 million companies, 95% of them are MSMEs . “This is the ideal opportunity to launch a cooperation program and take advantage of the vast experience of the Japanese country,” reiterated the secretary.

The president of the Mexican Business Council for Foreign Trade, Investment and Technology(Comce), Valentín Diez Morodo, agreed on that. Above all, because the Trans-Pacific Partnership Progressive Integration Treaty (CPTPP) should enter into force .

In turn, the special adviser of the Chamber of Commerce and Industry of Japan , Takanobu Ito, congratulated himself for this fact and reiterated the willingness of the government of his country to continue with the strengthening of the relationship with Mexico .

Márquez Colín added that the current Mexican government has as a priority to further strengthen economic ties and friendship with Japan.

Source: Notimex, Inmobiliare, Mundo Ejecutivo

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