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  HOME | Mexico

Mexico, Japan Confirm Commitment to Free Trade

MEXICO CITY Ė Mexican Foreign Secretary Luis Videgaray has met with his Japanese counterpart, Taro Kono, who is on a state visit to the Latin American country, and both repeated the commitment of their governments to open markets and free trade.

On the occasion of the 130th anniversary of the establishing of diplomatic relations between Mexico and Japan, Foreign Minister Kono made a working visit for the purpose of reaffirming the ties of friendship and bilateral cooperation, and to follow up on previous high-level meetings between the two countries.

Kono met with Videgaray to discuss the main topics on the bilateral agenda and speak about regional and multilateral affairs. The Mexican foreign secretary repeated Mexicoís gratitude for the support of Japanís government and citizens after Mexico was devastated by earthquakes last September.

The two heads of their countriesí diplomacy noted the excellent level of political dialogue and the dynamism of their economic relations.

They said that since the adoption of an economic association agreement, bilateral trade has increased to over $22 billion.

At the same time, they repeated the commitment of their respective governments to open markets and free trade. They also exchanged congratulations on the recent ratification of the Trans-Pacific Partnership (TPP) by the Mexican Senate.

Videgaray and Kono celebrated Japanís unprecedented volume of direct investment in Mexico, and the Mexican foreign secretary thanked Japanese companies for their trust in the Latin American country, while adding that protecting their investments is a priority of the Mexican government.

They later discussed various subjects on the multilateral agenda, such as disarmament and migration. With regard to regional matters, Videgaray told his Japanese counterpart of the interest Mexico has in the process of dialogue between the two Koreas as a means of pacifying the region.

Japan is Mexicoís fourth largest trading partner worldwide and its main investor in Asia and the Pacific.

 

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