China and Mexico, are taking proactive steps to increase their alliance. their partnership is strengthening in recent months and years. Many Chinese companies are eyeing the unique opportunities afforded by offshoring in Mexico. China and Mexico have been strengthening ties since late last year as the United States has stepped back from global trade agreements such as the Trans-Pacific Partnership (TPP).
China’s political system is closer in nature to that which distinguished Mexico throughout the 20th century than the one Mexicans (supposedly) seek to create through democratic means. Nonetheless, many admire China precisely because its government exerts an impacting capacity for ordaining structural changes and coercing the transformation of sectors, regions, and activities. China and Mexico are both emerging market countries.
Mexico is China’s second-largest trading partner in Latin America and China is Mexico’s second-largest trading partner in the world. Mexico’s imports from China — principally cell phones, computers and integrated circuits — to Mexico’s exports, mainly car products. Xi Jinping called Mexico an “important pivot of the natural extension of Belt and Road construction in Latin America” and said both countries should synergize development strategies.
Mexico’s Undersecretary for Foreign Trade, Luz María de la Mora, stated (as we have heard so many times before) that “Mexico was seeking with China an agenda that responds to the interests of both countries” and that this agenda should be strengthened for Mexico’s export offerings, adding that we are “also very interested in attracting quality Chinese foreign direct investment (FDI) that allowed fostering an initiative of innovative industries development [using] top-notch technology” and pointing out that the CIIE was “a very interesting fair where Mexico could present its products to that Asian country which displays export opportunities.”
Due to Chinese demand for luxury hi-tech vehicles, Mexico has improved in the automobile manufacturing industry, exporting cars to China and there is a huge prospect of trade in the automobile industry.