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Interview: Expanded economic ties with China can reduce Mexico's reliance on U.S., says expert

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Interview: Expanded economic ties with China can reduce Mexico's reliance on U.S., says expert
Source: Xinhua 2016-09-11

MEXICO CITY, Sept. 10 (Xinhua) -- Mexico should expand economic ties with China as a counterbalance to its heavy reliance on the United States, according to a leading academic.

Attracting more investment from China would both help spur development in Mexico and reduce the dependence on its northern neighbor, said Cutberto Hernandez, a specialist in Asian and African affairs at the Faculty of Law of La Salle University in Mexico City.

"From my point of view, there needs to be a change in outlook, to try and take advantage of the economic and investment opportunity China offers," Hernandez told Xinhua in an interview.

"Unfortunately, that has not happened as it should have, due to the economic and political interests established with the United States, a market on which there is a strong dependency," he added.

Mexico would benefit from a more balanced situation and from the potential for economic expansion with China, he said.

"New expanded ties" between the two countries would lead to a formula for cooperation that would be of mutual benefit, said Hernandez.

In Latin America, Argentina and Brazil are reaping the benefits of closer ties with the Asian giant, said the academic, adding both countries today "are essential to China's food supply and food development."

Mexico and China have already laid the groundwork for increased cooperation, the expert noted.

Since 2013, the two have put in place mechanisms to promote bilateral and permanent dialogue on key economic issues, including a high-level bilateral work group (GAN) that meets annually to oversee trade promotion, and cooperation in industry and mining. A similar group focuses exclusively on investment (GANI).

On the sidelines of the recent Group of 20 (G20) summit held in the eastern Chinese city of Hangzhou, the presidents of Mexico and China, Enrique Pena Nieto and Xi Jinping met over expanding their comprehensive strategic partnership.

Hernandez believes the two countries should draw up a road map for cooperation over the coming years.

In the meantime, a multimillion-dollar mutual fund for investment in different projects, which the two heads of state referred to at their meeting, "presents a good opportunity" for Mexico, said the academic.

Through the fund, China can participate in the Special Economic Zones Mexico plans to create, especially in the southern parts of the country, he said.

More than 70 Chinese companies operate in Mexico, in such sectors as telecommunications and fossil fuels, and more recently in the areas of renewable energy and commercial banking.

Related:

Mexico, China sign MOU on aquacultural cooperation

MEXICO CITY, Sept. 5 (Xinhua) -- The governments of Mexico and China have signed a memorandum of understanding to collaborate on aquaculture, in order to deepen technical, scientific and commercial know-how in the field, according to the Mexican Ministry of Agriculture.

The agreement was signed during the visit of a Chinese delegation to Mexico. Mario Aguilar Sanchez, the national commissioner for aquaculture and fishing, said this deal would lead to the exchange of personnel and the sharing of information on freshwater aquaculture, sanitary standards, and the conservation of fishery resources, the Ministry announced on Sunday. Full story

Interview: Mexico, China have potential to boost agricultural cooperation

MEXICO CITY, Aug. 11 (Xinhua) -- Mexico and China have an opportunity to take a big step forward in agricultural cooperation during a G20 summit to be held in the Chinese city of Hangzhou in September, economist Anibal Zottele said on Thursday.

While Mexico has increased exports to China in the past two years, there was a lack of fruits and other agricultural produce in Mexico's export basket to the Asian giant, Zottele told Xinhua.
 
Interview: Expanded economic ties with China can reduce Mexico's reliance on U.S., says expert
Source: Xinhua 2016-09-11

MEXICO CITY, Sept. 10 (Xinhua) -- Mexico should expand economic ties with China as a counterbalance to its heavy reliance on the United States, according to a leading academic.

Attracting more investment from China would both help spur development in Mexico and reduce the dependence on its northern neighbor, said Cutberto Hernandez, a specialist in Asian and African affairs at the Faculty of Law of La Salle University in Mexico City.

"From my point of view, there needs to be a change in outlook, to try and take advantage of the economic and investment opportunity China offers," Hernandez told Xinhua in an interview.

"Unfortunately, that has not happened as it should have, due to the economic and political interests established with the United States, a market on which there is a strong dependency," he added.

Mexico would benefit from a more balanced situation and from the potential for economic expansion with China, he said.

"New expanded ties" between the two countries would lead to a formula for cooperation that would be of mutual benefit, said Hernandez.

In Latin America, Argentina and Brazil are reaping the benefits of closer ties with the Asian giant, said the academic, adding both countries today "are essential to China's food supply and food development."

Mexico and China have already laid the groundwork for increased cooperation, the expert noted.

Since 2013, the two have put in place mechanisms to promote bilateral and permanent dialogue on key economic issues, including a high-level bilateral work group (GAN) that meets annually to oversee trade promotion, and cooperation in industry and mining. A similar group focuses exclusively on investment (GANI).

On the sidelines of the recent Group of 20 (G20) summit held in the eastern Chinese city of Hangzhou, the presidents of Mexico and China, Enrique Pena Nieto and Xi Jinping met over expanding their comprehensive strategic partnership.

Hernandez believes the two countries should draw up a road map for cooperation over the coming years.

In the meantime, a multimillion-dollar mutual fund for investment in different projects, which the two heads of state referred to at their meeting, "presents a good opportunity" for Mexico, said the academic.

Through the fund, China can participate in the Special Economic Zones Mexico plans to create, especially in the southern parts of the country, he said.

More than 70 Chinese companies operate in Mexico, in such sectors as telecommunications and fossil fuels, and more recently in the areas of renewable energy and commercial banking.

Related:

Mexico, China sign MOU on aquacultural cooperation

MEXICO CITY, Sept. 5 (Xinhua) -- The governments of Mexico and China have signed a memorandum of understanding to collaborate on aquaculture, in order to deepen technical, scientific and commercial know-how in the field, according to the Mexican Ministry of Agriculture.

The agreement was signed during the visit of a Chinese delegation to Mexico. Mario Aguilar Sanchez, the national commissioner for aquaculture and fishing, said this deal would lead to the exchange of personnel and the sharing of information on freshwater aquaculture, sanitary standards, and the conservation of fishery resources, the Ministry announced on Sunday. Full story

Interview: Mexico, China have potential to boost agricultural cooperation

MEXICO CITY, Aug. 11 (Xinhua) -- Mexico and China have an opportunity to take a big step forward in agricultural cooperation during a G20 summit to be held in the Chinese city of Hangzhou in September, economist Anibal Zottele said on Thursday.

While Mexico has increased exports to China in the past two years, there was a lack of fruits and other agricultural produce in Mexico's export basket to the Asian giant, Zottele told Xinhua.


That is not going to happen.

Mexico's all advantage is its location, being placed next to the number 1 economy in the world, and being in a free trade relationship with it.

In trade, distance, and gravity of it matters. Mexico is ultimately a cheap location that American companies go to, near the US, for their manufacturing.
 
Never say never regardless of the US - Mexico proximity and whatever trade deals signed

China has a lot to offer to the Medicans (and other countries of the world as well)
The horizon is very bright for many dozens of win-win co-operations between China and Mexico

Totally non-invasive, absolute discretions are left to the Mexican government and People to bring your quality of lives to another level upwards

China and ourselves are living testimonies to all the aspirations which are achievable with our help: The creation of quality infrastructures at affordable costs with great success at superb efficiency

We can offer a very attractive menu lising the highly aclaimed accomplishments like nuclear power plants, wind / solar farms, dams and reservoirs for hydro electricity, the design and constructions of the tallest buildings, the longest bridges and tunnels for the Metro system, or to launch Mexico's private satellites for charting your weather and agricultural harvests exclusively, or using our space natvigation system to guide your traffic or ur mobile phone communication systems and gadgets manufacturing plants, to purchase our supercomputers which suit your researches .....

Just pick up the phone, Mexico - call CHINA

May be it's time to resume our talks on the HSR again.
 
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Mexico is a big country. They have plenty of room to expand their food production and ship to the Chinese market. Plus many countries compete with each other to sell stuff here. One store has Avocados from Mexico and the next one has Avocados from Peru.
 
Mexican Avocados are available on the Chinese market but very expensive: one costs 2-4USD.
 
Mexican Avocados are available on the Chinese market but very expensive: one costs 2-4USD.

They are expensive this year because more are being imported by the US due to some beetle issue in our locally grown ones. Mexican avocados are $1.29 now at my local market when usually they are less than $1.
 
In 2014, China-Mexico trade volume was at $70 billion (China's export $66 billion, huge trade imbalance).

US-Mexico trade stood at about $500 billion. (US export at about $200 billion, negative trade balance for the US).

Mexico will not easily give up on the lucrative (and positive) trade balance with the US. If China-Mexico trade is to continue to grow, that would require more resource export to China.

Beside trade, ODI can be another area of cooperation.

upload_2016-9-30_10-5-28.png


I guess, currently, Asia's share is at 67%. Second largest destination is most likely still LA.
 
Philippines doesn't grow avocados?

Don't know. Avocado trees would die from cold weather below zero degree. There are only parts in Southern China people can grow them.
 
our locally grown ones are at below 0.70 USD right now. it can be much cheaper in the future though. alot of people loves to make avocado juice anytime they can. that is why the price is ridiculously low in our country.

Jus-Alpukat-Indonesian-Avocado-Shake-Wide.jpg


also the Avocado Donut!

det-don-avocado-dic.jpg
 
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our locally grown ones are at below 0.70 USD right now. it can be much cheaper in the future though. alot of people loves to make avocado juice anytime they can. that is why the price is ridiculously low in our country.

Jus-Alpukat-Indonesian-Avocado-Shake-Wide.jpg


also the Avocado Donut!

det-don-avocado-dic.jpg

Oh god, I had one of those avocado chocolate shakes out of curiosity. Definitely an acquired taste... :sick:
 
Oh god, I had one of those avocado chocolate shakes out of curiosity. Definitely an acquired taste... :sick:

am not sure how awful the taste was like for foreigner, since it's basically an avocado juiced to be drinkable. sure it's thick af, but it's healthy. i dunno, maybe you prefer GMO or Monsanto juiced stuffs over this?
 
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