The first trip to Germany by a high-ranking member of President López Obrador’s government since the outbreak of the pandemic was made by Economy Minister Tatiana Clouthier, who came to Berlin for talks with the business community on May 23 and 24.
In addition to Mexican trade policy, topics such as diversification, innovation, and integration, as well as Mexico’s intentions to strengthen its investment relations with the world, the challenges of cooperation with Germany’s largest trading partner in Latin America were on the agenda.
Despite the effects of the pandemic, there is great potential for expanding bilateral cooperation. However, reliable framework conditions for German companies remain indispensable for this. In order to optimize the business environment in Mexico, the LADW sees a need for action above all in the following areas: legal certainty for investment and trade, improving the security situation, business-friendly regulations, modernization of infrastructure and logistics and sustainable diversification of the economy.
The same applies to a consistent free trade policy, which would create crucial incentives for investment and growth. Starting in the region itself: Promoting intraregional trade in Latin America, for example, would further boost the Mexican economy. But the modernized EU-Mexico trade agreement could also provide important impetus for increased investment and trade. Both sides should work to ensure that the new agreement can be ratified soon.