MEXICO CITY.- A free-stagnated free trade agreement between the European Union (EU) and Mexico could be signed at the end of the year, Foreign Minister Antonio Tajani said Thursday.
“Yesterday I spoke with (the president of the European Commission, Ursula) von der Leyen and (the European Commission of Commerce, Maros) Sefcovic about the agreement,” Tajani said in Mexico. “I think it’s time to move forward.”
Tajani added that Italy wants to boost investments in Mexico, potentially through the Naval Constructor Fincantieri in the machinery and aerospace sectors.
“Without tariffs we all win,” he added in comments shared by the Ministry of Economy.
The governments and business sectors of Mexico and Italy agreed on Thursday to strengthen investments and businesses between the two countries, in the naval, aerospace and metalworking sectors, among others, during a forum in which more than 300 entrepreneurs from both countries participated, the Ministry of Economy reported.
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In a statement, it was pointed out that within the framework of the Mexico-Tallia business forum, chaired by Secretary Marcelo Ebrard and Antonio Tajani, a signature of agreements between Italian and Mexican agencies to strengthen integration and commercial cooperation was carried out.
“We are going to work together in the new economy that we are going to see in the coming years. We are going to reinforce the ties in areas such as Naval, Aeronautical, Metalworking, the forecasts on the artificial intelligence we are doing, the semiconductors, of course the automotive industry,” Ebrard explained, at the end of a bilateral meeting meeting with Chancellor Tajani.
Ebrard added that, at the invitation of the Italian government, a mission of Mexican businessmen will visit that European country next October.
Tajani said that “Mexico is one of the countries that interest us more. That is why we will try to export more, to invest more, to import more.”
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According to the SE, the main sales of Mexico to Italy in 2024 were machines and data processing units, with 97.6 million dollars, and the main origins of sales to Italy were Mexico City, Nuevo León and San Luis Potosí.
While the main purchase from Mexico to Italy last year was parts and accessories of motor vehicles for 658 million dollars and the main destinations of purchases made to Italy were Mexico City, Nuevo León and State of Mexico.
In addition to the signing of agreements, the note explained that during the event sectoral tables on automotive industry, machinery, green economy and infrastructure in which entrepreneurs and experts from both countries participated.
Similarly, B2B meetings (‘Business to Business’) were held, one -to -one meetings in which business between Mexican and Italian companies were raised and closed.
With information from Reuters and EFE
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