Franco-Mexican trade on the table
THE NEWS
MEXICO CITY – President Enrique Peña Nieto oversaw a meeting of the Franco-Mexican Strategic Council on Monday, with the two nations looking to build on their cultural and commercial relations. Peña Nieto said that the council, founded in October 2012, mutually benefits both countries and helps build on an already strong relationship. The meeting was held at the National Palace in the center of Mexico City and was attended by Foreign Affairs Secretary José Antonio Meade Kuribreña and French Foreign Minister Laurent Fabius.
According to Peña Nieto, there are currently 5,000 Mexicans living in France and 30,000 French citizens living in Mexico. Peña Nieto said that France is now the second most important partner for Mexico in the fields of technology and science after the U.S. France is the eighth-largest foreign investor in Mexico. In 2012, their trade relations were worth $5 billion in 2012. Mexico currently invests around $800 million each year in France.
Peña Nieto said that trade between the two nations had grown 200 percent over the last decade, but said that there is still a lot of room for further expansion. “In Mexico there are 300 aeronautical businesses, 90 percent of which — that is 270 — are French. It’s a sector that is growing in Mexico and the biggest investments are coming from France and we welcome them and hope more will come,” he said. He added that a key part of their relationship is that both nations share the same principles: democracy, human rights and social justice. He said that both countries were born of social revolutions whose ideas are now ingrained in their respective societies.
French President Francois Hollande is due to travel to Mexico in 2014 and is said to be eager to strengthen relations with Mexico after a rocky few years in diplomatic relations. In 2011, French authorities canceled a Mexican cultural event in Paris after Florence Cassez, a French citizen living in Mexico, was imprisoned because of alleged links to a kidnapping that took place on a farm outside Mexico City. Cassez protested her innocence and denied knowledge of the kidnapping. She was released in 2012 and returned to France.
According to Peña Nieto, there are currently 5,000 Mexicans living in France and 30,000 French citizens living in Mexico. Peña Nieto said that France is now the second most important partner for Mexico in the fields of technology and science after the U.S. France is the eighth-largest foreign investor in Mexico. In 2012, their trade relations were worth $5 billion in 2012. Mexico currently invests around $800 million each year in France.
Peña Nieto said that trade between the two nations had grown 200 percent over the last decade, but said that there is still a lot of room for further expansion. “In Mexico there are 300 aeronautical businesses, 90 percent of which — that is 270 — are French. It’s a sector that is growing in Mexico and the biggest investments are coming from France and we welcome them and hope more will come,” he said. He added that a key part of their relationship is that both nations share the same principles: democracy, human rights and social justice. He said that both countries were born of social revolutions whose ideas are now ingrained in their respective societies.
French President Francois Hollande is due to travel to Mexico in 2014 and is said to be eager to strengthen relations with Mexico after a rocky few years in diplomatic relations. In 2011, French authorities canceled a Mexican cultural event in Paris after Florence Cassez, a French citizen living in Mexico, was imprisoned because of alleged links to a kidnapping that took place on a farm outside Mexico City. Cassez protested her innocence and denied knowledge of the kidnapping. She was released in 2012 and returned to France.
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