Mexico's Sheinbaum meets Spanish VP Cuerpo to boost trade ties

Mexican President Claudia Sheinbaum hosted Spanish First Vice President Carlos Cuerpo at the National Palace in Mexico City. Their meeting followed a virtual encounter that was postponed due to teacher blockades in the capital.

During his two-day visit, Cuerpo, who also serves as Spain's Minister of Economy, participated in the Mexico-Spain Business Meeting. He met with Mexico's Secretary of Economy, Marcelo Ebrard, and they pledged to work together to double bilateral trade by 2030.

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a message of confidence

Cuerpo conveyed a "message of confidence" from Spanish and Mexican businesses, highlighting a bilateral investment expected to reach 100 billion euros. He expressed enthusiasm for the "window of opportunity" presented by the modernized agreement between the European Union and Mexico, with Spain eager to lead in leveraging this new framework.

Spain is the second-largest investor in Mexico, with approximately 6,000 Spanish companies operating in key sectors and supporting nearly half a million jobs. Conversely, Mexico is the primary Latin American destination for Spanish exports, with over 10,300 exporting companies. Mexico also stands as the leading Latin American investor in Spain, with around 700 companies creating about 55,000 jobs.

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the enthusiasm for the window of opportunity that opens with the excellent moment of the institutional relationship, with that generic framework that opens with the modernized agreement with the European Union (EU) and Mexico, and in which Spain wants to be the vanguard to take advantage of this new framework