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Mexico Seeks Closer China Business Ties

Reuters

   Mexico wants to deepeneconomic ties with China by increasing its
   exports andattracting more investment from the Asian country,
   MexicanForeign Minister MarceloEbrardsaid Saturday ahead of avisit to
   Beijing.

   Ebrardwas speaking to reporters via a video link from theGroup of 20
   summit in Osaka, Japan, where he said that talkswith other government
   officials had demonstrated there wasgrowing interest in boosting trade
   and investment with Mexico.

   This was "very clear" in the case of China, whereEbrardsaid he would be
   giving priority to expanding business tiesduring his visit there at the
   start of next week.

   "What we're interested in," he said, "is increasing Mexico'spresence in
   China, Mexico's capacity to export to China. AndChina's investments in
   Mexico."

   Ebrardwas representing Mexican President Andres ManuelLopez Obrador at
   the summit, who in a letter toJapanese PrimeMinister Shinzo Abe said he
   could not attend because there were"urgent" matters requiring his
   attention in Mexico.

   Ebrardis due to speak to media on Tuesday in China, whichexports much
   more to Mexico than vice versa.

   Last year, according to Mexican economy ministry data,Mexico imported
   $83.5 billion worth of goods from China, whileits exports to China were
   worth $7.4 billion.

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