MEXICO CITY: Pakistan is an important country for Mexico and it wants to enhance bilateral trade relations for mutual benefit of the two countries.
“China-Pakistan Economic Corridor has created lot of interest in Mexican investors and they intended to explore all areas of potential cooperation with Pakistan”, Ulesis Canchola, Ambassador of Mexico based in Tehran and accredited to Pakistan said during his visit to Islamabad Chamber of Commerce and Industry (ICCI).
He was accompanied by Mexico’s Trade and Investment Officer for the Middle East Juan Antonio Cepeda Gutirrez.
He identified food processing, pharmaceutical, automobiles, textile and agriculture as promising sectors for mutual cooperation between the two countries. He said both countries have the potential to complement each other in many areas and they should facilitate regular interactions between their private sectors and let them identify areas of business collaborations.
He said Mexico was in the process of reopening its embassy in Islamabad to diversify and further strengthen trade and economic relations with Pakistan.
He said Mexico also offered good investment opportunities to foreign investors and Pakistani business community should explore Mexico for investment to get better access to North American region.
Speaking at the occasion, Muzzamil Hussain Sabri, President, ICCI said that bilateral trade of less than $200 million was far below the available potential and both countries should accelerate efforts to improve two-way trade.
He said enhanced cooperation will be highly beneficial for both countries as Pakistan was a gateway for Mexico to reach huge markets of South & Central Asia, Middle East and other regional countries. Similarly, Pakistan could get better access to North American market through Mexico.
He said both countries should focus on specific areas to lay the foundation for sustainable mutual cooperation.
He said frequent exchange of trade delegations was the best approach to strengthen trade relations and stressed that Mexican Embassy should arrange a business delegation to Pakistan while ICCI will cooperate for B2B meetings with Pakistani counterparts in areas of interest.
