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Mexico's Sheinbaum Meets Japanese Business Leaders to Discuss Investments
๐Ÿ‡ต๐Ÿ‡พ Paraguay /Economy & Trade

Mexico's Sheinbaum Meets Japanese Business Leaders to Discuss Investments

From ABC Color · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Mexican President Claudia Sheinbaum met with Japanese business representatives in Mexico City to discuss investments.
  • The meeting aimed to strengthen economic cooperation and address business environment challenges for Japanese companies in Mexico.
  • Japan has 1,600 companies in Mexico, creating 350,000 direct jobs, and Mexico is tracking 39 Japanese investment projects.

Mexican President Claudia Sheinbaum welcomed Japanese business leaders to the National Palace, seeking to bolster investments in the country. The meeting, attended by Seiji Kuraishi, head of the Japan-Mexico Economic Committee, and Ambassador Kozo Honsei, focused on strengthening economic ties.

During the discussions, Sheinbaum highlighted that 1,600 Japanese companies currently operate in Mexico, providing 350,000 direct jobs. The Ministry of Economy, led by Marcelo Ebrard, also held a high-level meeting with representatives from the Federation of Japanese Businesses in Mexico and the Japanese Embassy. This session aimed to enhance economic cooperation, address the business environment for Japanese firms, and discuss the T-MEC (USMCA) trade agreement.

In the National Palace, we received the president of the Japan-Mexico Economic Committee, Seiji Kuraishi; members of the Federation of Japanese Businesses; and Ambassador Kozo Honsei to discuss investments.

โ€” Claudia SheinbaumPresident Sheinbaum's social media post about the meeting.

Key figures from major Japanese corporations such as Honda, Toyota, Nissan, and Panasonic were present. The Japanese delegation emphasized the importance of collaborative efforts to expand their presence in Mexico. Secretary Ebrard reaffirmed Mexico's commitment to maintaining open dialogue, facilitating investments, and boosting competitiveness and value chains within the country.

The Ministry of Economy is monitoring 39 Japanese investment projects and has addressed 90% of identified business environment challenges in the past five months. Agreements were reached to continue coordination on energy, customs, and trade facilitation, signaling a proactive approach to nurturing foreign investment.

In our country, there are 1,600 Japanese companies that generate 350,000 direct jobs.

โ€” Claudia SheinbaumPresident Sheinbaum's social media post about the meeting.
DistantNews Editorial

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.