China Is Open to Free-Trade Agreement with Mexico Xinhua News Agency
go to original June 30, 2017

China and Mexico look to expand bilateral trade (CGTN)

China is open to negotiating a free-trade agreement with Mexico, the official Xinhua news agency reported yesterday, citing the Chinese ambassador to the country, a fillip for Mexico as it faces uncertainty over its trade deals with the US.

Qiu Xiaoqi, China’s ambassador to Mexico, said China was willing to discuss a free-trade agreement, although no discussions had been held so far, Xinhua said. Qiu was speaking at an academic event in Mexico City.

“If we negotiate a free-trade agreement, this will greatly favour trade exchanges between our two countries. There is no difficulty from China’s side,” he said.

“Mexico is China’s second-largest trading partner in Latin America and China is Mexico’s second-largest trading partner in the world. This is a highly important relationship and we have great interest in deepening and broadening these ties.”

Mexico is keen to cut its economic reliance on the US out of concern that access to its top trade partner may be restricted by the policies of US President Donald Trump, who has pledged to protect US jobs from going outside the country.

China and Mexico have been strengthening ties since late last year as the US has stepped back from global trade agreements such as the Trans-Pacific Partnership (TPP).

Read the rest at Times of Malta

Related: Australia, New Zealand Start Free Trade Talks with Latin American Bloc (Sputnik)

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