“Mexico and Spain are a bet for the future. I Edition”
"Spain is the second largest investor in Mexico, second only to the United States, with nearly 7.000 Spanish companies established there. And in turn, Mexico is the sixth largest investor in Spain," the president of the Spanish Chamber of Commerce pointed out.
![[Img # 50719]](https://empresaexterior.com/upload/images/01_2023/7423_650-jose-luis-bonet-xiana-mendez-antonio-garamendi-y-francisco-cervantes-en-la-inauguracion-del-encuentro-empresarial2.jpg)
The president of the Chamber of Spain, Joseph Louis Bonet, has inaugurated the business meeting “Mexico and Spain a bet for the future. I Edition” together with the Secretary of State for Commerce, Xiana Mendez; the president of CEOE, Antonio Garamendi; and the president of the Business Coordinating Committee, Francisco Cervantes.
José Luis Bonet, pointed out the strategic nature of their commercial relations for both countries: “Spain is the second investor in Mexico, only behind United States, with nearly 7.000 established Spanish companies. And in turn, Mexico is the sixth largest investor in Spain.” A solid presence that, according to the president of the Chamber of Spain, “is maintained despite the fact that the international environment and certain elements of the current political climate introduce uncertainties.”
For this reason, Bonet highlighted “the strong commitment shown over the years by the Spanish companies with their Mexican partners, and with the economic and social development of the territories in which they have been implemented.” The president of the Chamber of Spain also emphasized the coincidence between the private investment agendas of both countries, especially in the area of sustainability, so the business organizations and chambers of both countries have a very prominent role to play, "in supporting companies and also in collaboration and public-private dialogue."
During the day, moderated by the general director of CEOE International and permanent secretary of CEIB, Married Narcissus, more than 200 Spanish businessmen, as well as the highest representatives of the business organizations of the Business Coordinating Council, COMCE NACIONAL, CONCAMIN, COPARMEX, CONCANACO SERVITUR, Association of Banks of Mexico, and National Auto Parts Industry, among others.
This is one of the most important business meetings held in recent years between Spain and Mexico; and has constituted a historic opportunity to analyze first-hand the economic and business reality of Mexico as well as identify investment opportunities in the Latin American country.
La Secretary of State for Commerce, Xiana Méndez, highlighted the close bilateral relations between both countries, as shown in the last CBinational omission and in the Subcommittee on Economic and Financial Affairs, both recently held in the month of December and where “we reaffirm the commitment of both governments to continue working on the deepening and expansion of our economic and commercial relationship, which is strategic and enriching for both countries.” In this sense, Xiana Méndez highlighted the importance that the Global Agreement between Mexico and the European Union has had as a “way to maintain open and stable commercial relations and we express confidence that the Mexican authorities and the European Commission "they can find a prompt and adequate solution for their modernization."
Likewise, Méndez also addressed the commitment and collaboration to promote Spanish investment in Mexico and vice versa, Mexican investment in our country. “Spain is the second international investor in Mexico, only behind the US, with more than 80.000 million dollars invested and with a presence in all sectors. Spanish companies also have a vocation for permanence that knows no crisis and a strong social commitment to the communities in which they operate.”
More than 200 Spanish businessmen participated in the event, moderated by the general director of CEOE International and permanent secretary of CEIB, Narciso Casado, as well as the highest representatives of business organizations in Mexico.
In turn, the president of CEOE, Antonio Garamendi, He advocated continuing to strengthen with Mexico during these days, to continue achieving more united and prosperous societies, always through dialogue, and the well-being of countries and their citizens, making use of the best instrument of social inclusion that exists: job creation. Garamendi also opted to work together so that we can all achieve a future of circular and digital economy, of change and, above all, of renewal.
The achievements and agreements that we can achieve this week, Garamendi pointed out, will help us build a better future for both countries, and for the world, since both Mexico in America, like Spain in Europe and North Africa, we play a strategic role. A good example of this, he indicated, is the role that Mexico is playing in the process of relocating supply chains, as well as the prompt modernization of the EU-Mexico Agreement, where Spain's contribution as Mexico's preferred partner in the European Union, has been, is and will be decisive. To continue strengthening our relations and advancing the agreements “the key is legal security, regulatory stability, quality of the norm and sense of State,” he stated.
El president of the CCE, Francisco Cervantes, assured that they have 42 identified branches, in which Mexico is in the top 15 worldwide. As a region of North America, with more than 500 million inhabitants, is a strategic partner for our country. In his opinion, to strengthen our relations, facilitation, regulation and competitive regulatory policies are needed to continue maintaining this very fruitful cultural and commercial relationship. “We have many reasons to walk together, since Mexico and Spain are two brother countries when they look in the mirror,” and we must continue to commit to collaborating on infrastructure, manufacturing, trade and investment projects. he stressed.
Cervantes reported that Spain has invested 80.000 million dollars in the last 24 years in Mexico, in sectors such as tourism, infrastructure, energy, textiles, or the automotive industry. There is still a lot of potential to be exploited between both regions, and that is why today's meeting is so important. “We are turning this crisis into an opportunity,” and we have to strengthen key sectors for both countries, such as energy and tourism. Cervantes also indicated that in Mexico the southern part of the country has begun to take off, and that there are great opportunities in the digital agenda, the automotive industry and manufacturing in general. “We also want to cooperate in the exchange of good practices, such as in the field of sustainable agriculture, and learn from each other to grow together.”