China Urges Mexico to Defend Open Trade

China expressed its readiness to collaborate with Mexico to resist and counteract "unilateral actions" and protect the standards of free trade, stated Foreign Minister Wang Yi on Wednesday in Beijing during a meeting with his Mexican counterpart, Juan Ramón de la Fuente.

Wang noted that China is open to receiving more Mexican products in its market and will encourage Chinese companies to invest in Mexican territory, according to a statement issued by his ministry. Chinese authorities are conducting a diplomatic campaign to position themselves as a stronger ally and defender of free trade. "There are no winners in a tariff war or in a trade conflict," emphasized President Xi Jinping on Tuesday during a summit with Latin American and Caribbean countries in Beijing, which was attended by the presidents of Brazil, Chile, and Colombia. China's top diplomat, Wang Yi, urged nations in the region to "work together" in the face of tariffs and criticized a "certain global power" that is "obsessed" with the principle of the strongest. Information sourced from Reuters and AFP.

China's invitation to Mexico to strengthen bilateral trade presents a valuable opportunity amid an uncertain international environment. Strengthening trade ties can provide Mexico with access to a vast market and stimulate foreign investment, which is essential for its economy. Undoubtedly, diversifying economic relationships is a key strategy for becoming competitively positioned amidst changes in global trade policies.