SOURCE / ECONOMY
China-Mexico cooperation holds strong complementarity, vast potential: Mexican chamber head
Published: Apr 12, 2025 05:07 PM
People look at porcelain exhibits at an exhibition in Mexico City, Mexico.Photo: Xinhua

People look at porcelain exhibits at an exhibition in Mexico City, Mexico.Photo: Xinhua


The US tariff will impact supply chains, and ultimately, consumers in the US will end up paying more for the same goods, Victor Cadena, executive vice president of the Mexican Chamber for Commerce in China, said in an exclusive interview with the Global Times when commenting on the tariff stick waved by the US on global countries including Mexico and China.

Facing the uncertainty posed by the US tariffs policy to the global trade, Cadena said that China and Mexico have strong connections in manufacturing supply chains, especially in the automotive and many other industries. 

More than 1,400 Chinese companies are registered and operating in Mexico across various industries, the Mexican chamber head said, citing data from the Mexican Ministry of Economy. 

China and Mexico have been close trading partners for many years.

China has risen to become Mexico's second-largest trading partner since 2003, while Mexico has gradually become China's second-largest trading partner in Latin America.

China mainly exports products such as electronic components and motor vehicle parts to Mexico, while its major imports from Mexico include crude oil and electrical equipment. 

Looking at the history, Cadena said the future for bilateral trade is expected to follow the same direction, with "China will remain our second-largest trading partner because our economies are well integrated, and this may not change in the short term, given the high complementarity of the two nations." 

"We will remain positive about the Chinese market and Chinese businesses," he said, adding that "we have been here in China as the Mexican Chamber for 18 years, and we expect to stay here long-term."

"This is about long-term business and long-term expectations," he noted.