Chinese Foreign Affairs Minister Wang Yi said on Wednesday that China is open to accepting more imports from Mexico with a major trade deficit with the East Asian Economic Power Center.
He made a comment during a bilateral meeting with Mexican Foreign Minister Juan Ramon de La Fun in Beijing.
Reuters cited a statement issued by the Chinese Foreign Ministry, saying, “Wang said China welcomes more Mexican products in its market and encourage Chinese companies to invest in Mexico.
The Chinese state -owned English news agency, CGTN, told Mexico that “China is ready to deepen the strategic mutual confidence,” he told Wang de La Funde that he said, “Share his experience in Chinese modernization and provide the vast opportunities of its superficial market.”
The Chinese Foreign Minister said, “welcomed high -quality Mexican products in the Chinese market and encouraged Chinese companies to invest in Mexico and expressed confidence in Mexico’s standard and friendly business environment.”
According to CGTN, Wang urged De La Fun, “China puts his relationship with Mexico as a priority in its Latin American diplomacy”.
🇲🇽🇨🇳 Juan Ramon de La Funee meets his opponent from China
Foreign Minister Juan Ramon de La Fun held a meeting with China’s Foreign Minister Wang Y. pic.twitter.com/3fqcvs7cii
– Politician MX (@politicomx) May 14, 2025
The manifestation of China’s desire to import more goods from Mexico comes at the time of the Mexican government Mexico is trying to reduce the relying on Chinese products as part of its project as part of the Mexico Economic initiative.
Last July, the then Finance Minister Rojelio Ramarez de La Oh said Mexico had to review its trading relationship with China This is because it is not “mutual”, and the import of Mexico from China is greater than exports to East Asian nation.
Mexico’s imports from China in recent years have increased significantly, which is a threat to the Mexican industry, the central government said. The government has imposed new charges for some Chinese goods, Like textile and clothingIt seeks to protect the domestic industry. This has been carried out Tests in stores selling theft Chinese goods.
Mexico’s import from China was less than $ 130 billion last year, According to the United Nations Communit Database. That number reduces the value of China’s import from Mexico, they were Worth less than $ 20 billion in 2023.
“China sells us, but not buying from us, it is not mutual trade,” said Ramarez de La Oh last July.
Finance Minister: Mexico ‘to produce more in the midst of trade deficit with China’
In the middle of Mexico Best Shipment to China Copper ore and concentration and vehicle accessories.
It is important to see if the current trade imbalance will change significantly as Mexico sends more goods to China and obtaining fewer Chinese goods.
Wang proposes work to combine ‘unilateral actions’
“China is ready to work with Mexico to oppose and oppose unilateral activities and protect free trade rules,” Wang told Wang de La Fun.
The use of the word “unilateral actions” is a clear indication of Trump’s decision to impose fees on imports from all over the world, including punishing duties on Chinese goods and duties on some Mexican products.
Trump launched a trade war with China when he was president during his first term, and increased it in his current term before US and China Reached an agreement on Monday to reduce the fees on each other for the early 90 days.
Although Wang proposes more cooperation between China and Mexico on trade issues, Mexico’s trade relationship with China is actually a sticking place in the USMCA free trade agreement as US President Donald Trump Mexico accused the transition center for Chinese goods AIADY USA with its ultimate intention
President Claudia Shinebam has rejected the claim. The USMCA review is scheduled for 2026, but Mexico hopes to launch negotiations in the second half of this year to give clarity to consumers and investors, Economic Minister Marcello Ebert said on Tuesday.
Reviewing, Mexico may be very cautious in the attitude of its relationship with China, to avoid any notion that it is affiliated with the Chinese government.
Hebreard said in late last year In the midst of the trade war between the United States and China, “mobilize all fair interests in favor of North America”.
De La Fun: ‘China and Mexico have a comprehensive strategic association’
De La Fun went to China this week to attend the fourth China-Sellak ministry ministry meeting where Chinese officials gathered with representatives of Latin American and Caribbean governments.
At the full session of the meeting on Tuesday, the Mexican Foreign Minister welcomed the initiative to open and build the inter -inter -inter -nation, with plans to fulfill national, regional and multifaceted cooperation and development efforts. ” A report by the Ministry of Foreign Affairs of Mexico.
At his bilateral meeting with Wang on Wednesday, De La Fun said, “China and Mexico have a comprehensive strategic association that has given us good results.”
He took the “long history of trade relations” of the two countries, and reaffirmed Mexico’s commitment to recognize “a China”.
After a meeting between Mexican and Chinese Foreign Ministers, El Finanzero shouted a title in the newspaper: “Mexico wins China: Despite tension with Trump, illustrates his trade relationship with Beijing.”
Shinebam meets Chinese President Xi Jinping At the G20 summit in Rio de Janeiro, Brazil last November. At the meeting, G said China and Mexico “The most filling of both economies should be well used.”
At the China-Sellag meeting in Beijing, Chinese president vowed to “raise China’s footprint in Latin America and Caribbean with a new $ 9 billion credit tax and a new infrastructure investment.” Reuters reported.
Does Mexico get more Chinese investment?
President Trump has expressed concern over such investment in many cases because China will encourage Chinese companies to invest in Mexico.
There is also Mexico Faced with reviews From Some Canadian politicians For allowing them to see them uninterrupted Chinese investment in Mexico It is said to be a low -cost “door” in North America for Chinese goods.
Trump is particularly concerned about the plans of Chinese vehicle manufacturers to open plants in Mexico Shinbam has announced That “there is no more definitive investment plan from any Chinese vehicle company.”
The Mexican government says it is open to Chinese investment in Mexico, but the US pressure is said to have led to a refusal to provide the incentive Chinese electric vehicle manufacturers are planning to invest in Mexico like byD.
As announced by Mexico News Daily last JulyChinese investment in Mexico has increased significantly in recent years, but the East Asian nation has still been a long distance to match the costs of countries like the United States and Spain.
Some major Chinese companies, Are like bydThe plans have been announced in Mexico, but their announcements have not yet been operated. There is no guarantee that the proposed plant and other proposals announced by the Chinese companies will advance.
China and Chinese companies have a long history that “they do not follow investment announcements”, ”former Mexican Ambassador of China, George Gujarto, Mexico News said last year.
The fact that the Chinese government encourages Chinese companies to invest in Mexico, and as Foreign Minister Wang says, they will do so only if they make economic meaning.
The policies of the Trump administration, the policies of the Mexican government – its desire or reluctance to welcome Chinese companies – will be decisive to determine whether the promised and potential Chinese investment is eventually operating in Mexico.
With reports from CgtnOvarian ReoidOvarian ReformOvarian Economist And Efe
