Friday, July 18, 2014

Germany-México: Berlin, Mexico City Establish Bi-National Commission to Enhance Trade

According to The Latin American Tribune, México and Germany have agreed to create a high-level bi-national commission that will meet on a regular basis to strengthen bilateral relations, Germany’s foreign minister, Frank-Walter Steinmeier, said on Friday (July 18).
 
German Foreign Minister Steinmeier, who is on an official visit to México, and his counterpart, José Antonio Meade, agreed in a joint press conference that conditions are ripe to strengthen the trade relationship.

“Mexico and Germany are interested in a free, dynamic and open market, free and open international trade, and it is important to strengthen conditions to achieve it”, he added.

Describing México as “a country that builds bridges between North and South of America” on many core issues, from the protection of the environment to cyber security, Steinmeier said German businessmen had confidence in the country’s development.


COMMENT:
FM Steinmeier cited the millions of dollars that carmaker BMW agreed to invest in the country and pointed out that a plant of the German cosmetics firm Beiersdorf will be inaugurated in Silao, in the central state of Guanajuato, on Saturday (July 19).

Meade, in turn, said the values shared by both countries “make Germany a strategic partner and an ally of México at the global level."

Germany is México’s most important trading partner in Europe, with trade exceeding $17.2 billion in 2013, as well as one of the chief allies of the Latin American country in global cooperation.

Some 1,700 German companies have investments in México thus far, where they employ more than 120,000 people.

The German foreign minister, who began a two-day visit to México on Friday was received by President Enrique Peña Nieto, and is accompanied by an entourage of businessmen.