Japan and Mexico Agree to Boost Energy Cooperation Amid Middle East Crisis

Japan and Mexico have agreed to bolster their energy and economic cooperation in response to the escalating crisis in the Middle East and its subsequent impact on global fuel prices. The decision was announced following a phone call between the foreign ministers of both nations.

Japanese Foreign Minister Toshimitsu Motegi and his Mexican counterpart Roberto Velasco reaffirmed their commitment to enhancing collaboration within the energy sector. This move is particularly crucial for Japan, which imports approximately 90% of its crude oil from the Middle East and has been actively seeking alternative oil sources to counter potential supply interruptions stemming from the closure of the Strait of Hormuz.

Beyond energy, the ministers also agreed to establish a dialogue framework focused on economic security as soon as possible. This initiative aims to create a more stable and predictable economic environment for both countries amidst geopolitical uncertainties.

During their conversation, Minister Motegi expressed his hope to elevate the relationship between Japan and Mexico to new heights. He also requested a favorable environment for Japanese companies operating in Mexico. The ministers also exchanged well wishes for their respective national football teams participating in the upcoming World Cup, which is set to begin in Mexico City on June 11.

“

reaffirmed their commitment to impulsar la cooperación en el sector energético en el contexto actual en Oriente Medio y de fortalecer el diálogo bilateral de alto nivel