Mexico committed to trade talks with S. Korea, eyes more cooperation in AI, space: top diplomat
Mexico is committed to continuing long-stalled talks with South Korea on a free trade agreement (FTA), the country's top diplomat has said, stressing the importance of strengthening ties with Seoul in artificial intelligence (AI), space and other advanced sectors. Mexican Foreign Secretary Roberto Velasco Alvarez made the remarks during an exclusive interview with Yonhap News Agency in Seoul on…
Mexican Foreign Secretary Roberto Velasco Alvarez has affirmed Mexico's commitment to continuing stalled free trade agreement (FTA) talks with South Korea. Speaking during an exclusive interview with Yonhap News Agency in Seoul, Velasco emphasized the importance of strengthening ties with Seoul, particularly in the areas of artificial intelligence (AI) and space, as well as other advanced sectors. This comes as part of Velasco's three-day visit to South Korea, marking his first trip to Asia since assuming office in April.
Velasco stated, "We know that trade between Mexico and Korea is important. So we intend to continue our trade conversations with Korea down the line." While Mexico and South Korea began FTA negotiations in 2006, these talks were suspended in 2008 due to opposition primarily from certain Mexican industries. The two nations agreed in 2022 to restart negotiations, but formal discussions have not yet resumed.
This issue is particularly significant for Korean businesses, as Mexico has implemented higher tariffs on certain imports from countries without an FTA, including South Korea.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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