Mexico sees huge potential in cooperation with China: FM

16:55, July 29, 2010      

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Mexico and China have great potential to expand the scope of cooperation, Foreign Minister Patricia Espinosa said Wednesday.

After rapid growth of bilateral ties over recent years, plenty of room remains for the two countries to get closer, she told Xinhua on Wednesday in an interview ahead of the fourth meeting of the Mexico-China Permanent Binational Commission.

At the meeting, to be held here Thursday and Friday, the two countries will be able to structure a work program for the period 2011-2015, a guide for the development of bilateral ties, said Espinosa, who will jointly preside over the meeting with her Chinese counterpart Yang Jiechi.

The program is aimed at deepening political dialogue on a range of topics, including climate change, financial architecture and reform of international financial institutions, and thus creating a stronger voice for developing countries, she said.

Meanwhile, Mexico hopes to expand cooperation with China in education, culture, science and technology and other areas, and to increase trade between the two countries, she added.

"The truth is that there is a very strong trade flow from China to Mexico, because China is our second commercial partner. We would like at the same time to see more presence of the Mexican exports in the Chinese market," Espinosa said.

"We already have some products in that market, but we think that we also can contribute to the Chinese consumer with products of high quality at competitive prices."

Mexico also welcomes more Chinese investors, said the foreign minister, noting that current Chinese investment in Mexico is "much lower than the potential" of a country like China, which boasts many powerful and internationally competitive enterprises.

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