Mexico touts 'deeply' integrated economic ties with Korea, eyes stronger ties in future industries
Mexico's ambassador to Korea on Thursday highlighted the two countries' deeply integrated economic ties and cooperation in advanced industries, while South Korea's trade minister called for the resumption of talks on a bilateral free trade deal. "With the presence of more than 2,000 Korean companies in Mexico, our economies are deeply integrated into the supply chains shaping the future of North…
Mexico's Ambassador to Korea, Carlos Penafiel, celebrated the two nations' "deeply integrated economic ties" during a Seoul event marking Mexico's 216th Independence Day. South Korea's Trade Minister echoed the sentiment, urging the revival of discussions on a bilateral free trade agreement. With over 2,000 Korean firms operating in Mexico, the two countries' economies are intricately linked within the supply chains shaping North America's future, Penafiel emphasized.
Their cooperation extends beyond trade, encompassing collaborations in space research, clean energy, artificial intelligence, and advanced industries, according to Penafiel. The ambassador emphasized the importance of a "strong bond of friendship" between the two nations, rooted in a shared commitment to peace, international law, multilateralism, and respect for human rights. This partnership is particularly crucial at a time when no nation can confront today's challenges alone.
Mexico holds the distinguished position of being Korea's leading trading and investment partner in Latin America. Meanwhile, Korea ranks among Mexico's top five trading partners.
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.
