30 ene 2019
Mexico

ANTONIO GARAMENDI WANTS TO PROMOTE THE PRESENCE OF SPANISH COMPANIES AND BUSINESS OPPORTUNITIES IN MEXICO

Within the framework of the official visit of the President of the Government to Mexico

The president of CEOE, Antonio Garamendi, said he was committed to promoting the presence of Spanish companies and business opportunities in Mexico, during a working breakfast held today with the Minister of Industry, Trade and Tourism, Reyes Maroto, at the Spanish Chamber of Commerce in Mexico.

The meeting, held during the current official visit of the President of the Government of Spain, Pedro Sánchez, to the Latin American country, was attended by top managers from the main Spanish companies and issues discussed focused on the possibilities of bilateral cooperation. The president of the Spanish Chamber of Commerce, Antonio Basagoiti and the director general of the Chamber of Spain, Inmaculada Riera, also spoke at the breakfast meeting. Antonio Garamendi and the head of CEOE-International, Narciso Casado, have taken part in the visit’s business program and have held meetings today with their counterpart business organizations, COMCE, COPARMEX and CONCAMIN.

Visit of the President of CEOE, Antonio Garamendi, to Mexico
Working breakfast with the Minister of Industry, Commerce and Tourism, Reyes Maroto.

The president of CEOE, Antonio Garamendi, highlighted during the meeting with the Minister that the Spanish business community, led by the Spanish Chamber of Commerce in Mexico and with around 6,000 companies established in the country, represents one of the most numerous and influential outside of Spain. This presence is due to a combination of factors, including the economic reforms to open the market that have been implemented over the past six years, the size of the Mexican market, its proximity to the world's leading economy and its high degree of integration in regional and global markets.

In this sense, Garamendi also highlighted the significant presence of many SMEs in the country, which have solidly established themselves over the past decade. "This large number of SMEs shows the trust placed by the Spanish business community in Mexico’s present and its future," he said. He pointed out that this trust is also reflected in the commitment shown by Spanish companies to pursue their investment projects in the country, despite the slowdown in the Mexican economy, the devaluation of the peso and, above all, the uncertainty that arose from the re-negotiation of the North American Trade Agreement. In this regard, the president of CEOE stressed that it was important to continue requesting from Mexican authorities an improvement in the predictability of policies and in legal certainty, with the aim of guaranteeing greater security in the country, a country that needs to continue fighting against corruption and improving its administrative transparency.

 

Economic Partnership Agreement

CEOE representatives also highlighted the preliminary agreement signed in July 2018 between Mexico and the EU, whose aim is to modernize the economic pillar of the Economic Partnership Agreement. Garamendi said that this agreement represents an important step in improving the access conditions for Spanish companies that wish to enter the Mexican market; furthermore, it establishes a framework of institutional cooperation and a body of shared rules, which will undoubtedly contribute to strengthen, even further, the already solid bilateral economic relations.

 

Program of activities

Following the working breakfast, the president of CEOE and the head of CEOE-International held meetings with their counterpart business organizations COMCE, COPARMEX and CONCAMIN, to analyse the possibilities of bilateral cooperation. Garamendi expressed the full willingness of CEOE to collaborate with these organizations to improve economic and business relations between both countries, and also through the Iberoamerican Business Council (CEIB), which brings together the most representative business organizations in Latin America. Later on, the president of the United Mexican States, Andrés Manuel López Obrador, will hold a luncheon in honour of the President of the Government, Pedro Sánchez, who will be joined by the Spanish delegation.

Tomorrow, Jan. 31, the President of the Government will hold a working breakfast with Spanish businessmen, in which the president of CEOE, Antonio Garamendi and the director general of Spain’s Chamber of Commerce, Inmaculada Riera, will participate. They will address the business and investment opportunities in Mexico, as well as the possibilities of technological and industrial cooperation between both countries.