ASiAn invASion wElcomEd - ProMéxico

36 Negocios
Mexico and China,
A Growing Financial
Friendship
A trade specialist asserts Mexico has
much to offer to Asia. A blossoming and
necessary trade relationship between
Mexico and China involves several
benefits for both countries, which
include exchange of a large variety
of products and extensive markets
where the two nations have found
success in selling their goods.
Due to its advantageous geographic position
that puts it next to the United States
and nearly at the center of the Americas,
Mexico is one of the main receivers of goods
in Latin America, according to the country’s
National Institute of Statistics and Geography
(INEGI). The Mexican news agency
Notimex adds that during the final three
quarters of 2008 exports from China to
Latin America grew to 111.5 billion usd, with
Mexico, Brazil and Chile being its three
main business partners.
The same source said China is Mexico’s
second biggest trade partner. In 2008, Mexico
imported nearly 35 billion usd in Chinese
products, more than the rest of Latin
America altogether. At the same time, the
country exported more than 2 billion usd
worth of products.
In the last few years, Mexico has diversified
its imports from China. This is not
a surprise. Mexico has become one of the
main manufacturing centers in the Americas
and it has included Chinese companies
“My father’s life has
been chameleonic,
from when I was a child
until today. Every day
he speaks English,
Chinese and Spanish,”
Liu Jr. said.