THE NEWS
MEXICO CITY – Italian Prime Minister Enrico Letta began a three-day official visit to Mexico on Sunday.
According to a press release by Mexico’s Foreign Relations Secretariat (SRE), Letta will meet with President Enrique Peña Nieto during his visit so the two heads of state can discuss ways to strengthen political and economic cooperation between the two countries. It is expected that Letta and Peña Nieto will then issue a joint statement and sign some bilateral agreements.
Both heads of state, the press release said, will meet with members of the Mexico-Italy Business Council, made up of business leaders of both countries, who will give recommendations on how to promote bilateral trade. The council will have its first meeting during Letta’s visit.
During his visit, Letta will also participate in cultural and academic activities and will meet with local authorities in Mexico City and Querétaro.
Italy is currently Mexico’s third-largest trade partner in Europe, while Mexico is Italy’s second biggest trade partner in Latin America. Over 1,400 companies whose capital stock includes Italian investors are registered in Mexico, and bilateral trade between the two countries in 2012 was worth $6.7 billion.
Both countries support proposed reforms to the U.N. Security Council and participate in multilateral forums such as the G-20 and the Organization for Economic Cooperation and Development (OECD).
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