03 oct 2018
At Casa de Mexico

CEOE TOOK PART IN THE FORUM: “MEXICO AND SPAIN, A STRATEGIC SOCIETY ON THE PATH TOWARDS GREATER ECONOMIC INTEGRITY”

Within the framework of the opening week of Casa de Mexico in Spain.

The vice president of CEOE, Joaquim Gay de Montellà, participated today in the Forum "Mexico and Spain, a society on the path towards greater economic integration", within the framework of the events scheduled for the opening week of Casa de Mexico in Spain. Other participants included the president of the Foundation, Valentín Díez Morodo; Mexico’s Ambassador to Spain, Roberta Lajoux Vargas; the CEO of ICEX, María Peña Mateos; the general director of ProMéxico, Paulo Carreño King; and the federal authority for the Special Economic Zones, Gerardo Gutiérrez Candiani. CEOE helped organize and promote this forum, which was closed by the general director of Casa Mexico in Spain, Ximena Caraza Campos.

Mexico

The vice president of CEOE, Joaquim Gay de Montellà, highlighted that Mexico is one of the Latin America economies that has shown great economic stability in recent years, with solid macroeconomic figures and a remarkable openness to trade and investment. In fact, the outlook in the medium-term is very favourable and, proof of this, is that Mexico's GDP grew around 2% in 2017 and, according to the World Bank and the International Monetary Fund, the country is expected to maintain  a similar growth rate in 2018.

Gay de Montellà explained that the structural reforms implemented by the government are boosting productivity in certain industries and, in addition, in recent decades, significant work on commercial integration has been carried out, which has resulted in 11 free trade agreements with 46 countries that have given it access to more than 1 billion consumers, in addition to 30 agreements for Reciprocal Investment Promotion and Protection (APPRIs). Mexico is also a signatory of the Trans-Pacific Partnership Agreement, considered the largest free trade agreement in history and of the Pacific Alliance together with Chile, Peru, Colombia and Costa Rica. Gay de Montellà explained that Mexico is one of the priority countries for Spain, as reflected in the Comprehensive Plans for Market Development (PIDM for its Spanish acronym), signed in joint agreement with the Secretary of State for Trade.