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Ministers from Mexico and Spain discuss energy, investment, and economic development
๐Ÿ‡ต๐Ÿ‡พ Paraguay /Economy & Trade

Ministers from Mexico and Spain discuss energy, investment, and economic development

From ABC Color · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Official statement Context piece
  • Mexico's Energy Secretary met with Spain's First Vice President and Minister of Economy to discuss energy, investment, and economic development.
  • Both nations aim to strengthen energy security, boost investment projects, and promote technical exchange for sustainable development.
  • Mexico and Spain committed to doubling bilateral trade by 2030 and increasing investment by at least 50%, leveraging a modernized EU-Mexico trade agreement.

Mexico's Secretary of Energy, Luz Elena Gonzรกlez Escobar, held discussions with Spain's First Vice President and Minister of Economy, Commerce, and Business, Carlos Cuerpo, focusing on energy, investment, and economic development. The meeting, part of Cuerpo's official visit to Mexico, aimed to exchange perspectives and identify new avenues for cooperation between the two nations.

to exchange perspectives on energy, investment and economic development, and identify new opportunities for cooperation between the two nations.

โ€” Luz Elena Gonzรกlez EscobarMexican Secretary of Energy, describing the purpose of her meeting with the Spanish Minister.

Both officials expressed a shared vision for strengthening energy security, fostering investment projects, and promoting technical exchange to support Mexico's sustainable development. The discussions highlighted the robust economic ties between Mexico and Spain, with both sides advocating for an ambitious, long-term relationship between strategic partners.

This dialogue follows a virtual meeting between Mexican President Claudia Sheinbaum and Cuerpo. The in-person meeting at the National Palace was rerouted due to protests by teachers in Mexico City, which blocked access to the historic center. Cuerpo was accompanied by key Mexican officials, including the Secretaries of Economy, Foreign Relations, and Finance.

to strengthen energy security, boost investment projects and promote technical exchange that contributes to the sustainable development of Mexico.

โ€” Luz Elena Gonzรกlez EscobarMexican Secretary of Energy, outlining shared goals with Spain.

Earlier, Cuerpo and Mexico's Economy Secretary inaugurated the Spain-Mexico Business Meeting, where they emphasized the close economic relationship. Mexico and Spain have committed to doubling their bilateral trade by 2030 and increasing investment by at least 50%. This renewed economic partnership is underpinned by the recently modernized trade agreement between Mexico and the European Union, which aims to provide clear rules and predictability for economic relations in the coming decades.

emphasized the close economic ties between both parties and advocated for an 'ambitious' and 'long-term' relationship between two strategic partners.

โ€” Carlos CuerpoSpanish Minister of Economy, Commerce, and Business, speaking at the Spain-Mexico Business 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.