MEXICO ATTENDS THE VIETNAM-LATIN AMERICA TRADE AND INVESTMENT FORUM IN HANOI

MEXICO ATTENDS THE VIETNAM-LATIN AMERICA TRADE AND INVESTMENT FORUM IN HANOI

• The forum was inaugurated by the Vietnamese Prime Minister, who stressed Vietnam’s interest in strengthening its relationship with Latin America.

• In Southeast Asia, Vietnam is an important trading partner for Mexico.

• From 2000-2011, trade between Mexico and Vietnam increased over 27 times.

The Vietnam-Latin America Trade and Investment Forum was inaugurated today in Hanoi. The Mexican delegation was headed by the Foreign Ministry’s Director General of International Economic Cooperation, Nathan Wolf.

 

The forum was inaugurated by the Prime Minister of Vietnam, Nguyen Tan Dung, which demonstrates Vietnam’s readiness to become an important economic partner of the Latin American nations and a trade link between our continent and East Asia.

In recent years, trade between Vietnam and the countries of Latin America has grown by 20-30% on an annual basis, totaling more than five billion dollars in 2011. In addition to Mexico, 14 Latin American countries and prominent political leaders and businessmen attended the forum.

Vietnam has become an important partner for Mexico in Asia. From 2000-2011, trade between the two countries increased more than 27 times, from 37 million dollars to over a billion dollars.
Speaking at the plenary session, Nathan Wolf emphasized the strategic advantages of investing in Mexico and the trade opportunities between Mexico and the countries of Southeast Asia, particularly Vietnam. Mexico is convinced that trade liberalization is the right path to follow and that protectionist practices should be avoided.

The Mexican delegation thanked Vietnam for supporting the inclusion of Mexico in the Trans-Pacific Partnership Agreement (TPP) negotiations, which give fresh impetus to the economic and trade relations between our countries and will boost business in sectors such as infrastructure, agriculture, tourism, technology and footwear, among others. The Vietnam-Latin American Forum will conclude on July 6.

 

 

Business Hours

Embassy: Monday - Friday
9 AM - 2 PM and 4 PM - 6 PM
Consul: Monday - Friday
9 AM - 2 PM

 

Address

Sierra Ventana 255
Lomas de Chapultepec, C.P. 11000
Miguel Hidalgo, Mexico City, Mexico