Korea-Mexico Partnership Plus Week Held
Mexican Government and Business Representatives Gather
Local Korean Companies Achieve MOU Results
KOTRA (Korea Trade-Investment Promotion Agency) has organized an event in Mexico, one of Korea's major trading partners, to strengthen bilateral cooperation.
The Ministry of Trade, Industry and Energy and KOTRA held the "2025 Korea-Mexico Partnership Plus Week" at the InterContinental Hotel in Mexico City, Mexico, for two days starting on April 29, to mark the 20th anniversary of the establishment of the Korea-Mexico strategic partnership.
Mexico is not only Korea's number one trading partner in Latin America, but also a key economic cooperation partner where more than 500 Korean companies have invested. It holds high strategic value as a gateway to North and Latin America, which together account for approximately 30% of the world's gross domestic product (GDP).
This comprehensive event, covering both export and investment sectors, began on the morning of April 29 with the Future Cooperation Forum, followed by the Strategic Industry Consultation, the Innovative Consumer Goods Showcase, a meeting of Korean companies investing in Mexico, and a certification seminar. More than 250 representatives from the Mexican government and local businesses attended, fostering an atmosphere of cooperation.
The Future Cooperation Forum opened with a message from KOTRA President Kang Kyungsung emphasizing the need to strengthen bilateral cooperation. The Mexican Ministry of Economy then presented the new government's plans for economic and investment revitalization, and the Embassy of Korea in Mexico proposed ways to enhance the industrial competitiveness of both countries by utilizing the Free Trade Agreement (FTA).
To help Korean small and medium-sized enterprises (SMEs) and mid-sized companies secure new sales channels and key trade information in the Mexican market, KOTRA signed memorandums of understanding with the Mexican Employers' Confederation (COPARMEX) and the Mexican Business Council for Foreign Trade (COMCE). Through these agreements, KOTRA announced plans to expand opportunities for exchange and cooperation between companies from both countries, including export consultations and exhibitions.
In the afternoon, nine Korean companies that have invested in Mexico gathered in one place. They shared their difficulties and suggestions regarding market changes caused by customs policies, and discussed the government's response measures.
The Strategic Industry Consultation was held over two days starting April 29. A total of 24 Korean companies in the fields of information and communications, medical devices and healthcare, materials, parts and equipment, and consumer goods, as well as 135 Mexican companies, participated in active consultations. On-site, two memorandums of understanding (MOUs) worth a total of 1 million dollars were signed in the consumer goods and information and communications sectors. Notably, a deal was signed to supply 500,000 dollars' worth of cosmetics (Ible Beauty) over one year to a Japanese-affiliated Mexican distribution network with more than 30 stores nationwide, showcasing a case of pioneering Mexico as a new market.
President Kang stated, "Recently, the multilateral trade system has weakened and uncertainty in the trade environment has increased. In such times, it is even more important to strengthen bilateral cooperation based on mutual trust. KOTRA will do its utmost to listen to the voices of our companies on the ground, take the lead in providing support, and help them seize opportunities amid the changing trade environment."
KOTRA plans to hold a Latin America Trade and Investment Expansion Strategy Meeting in Sao Paulo on May 2 (local time), where it will discuss key issues such as industrial cooperation, market diversification, and responses to supply chain restructuring, while seeking ways to provide support.
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