Mexico and Spain are moving to deepen their economic relationship, with both countries setting a goal to double bilateral trade by 2030.
Spain’s First Deputy Prime Minister and Economy Minister, Carlos Cuerpo, visited Mexico for two days, taking part in the Mexico-Spain Business Forum and meeting with Mexican officials, including President Claudia Sheinbaum and Economy Secretary Marcelo Ebrard.
Cuerpo said the two countries are entering a favorable period for investment and business cooperation. According to the figures presented during the visit, bilateral investment could reach 100 billion euros, supported by Spain’s established corporate presence in Mexico and growing Mexican investment in Spain.
Spain remains one of Mexico’s leading foreign investors, with thousands of Spanish-owned companies operating in key sectors and supporting a significant number of jobs. Mexico, meanwhile, has become the top Latin American investor in Spain, reflecting a two-way economic relationship that has expanded over recent years.
The visit also comes shortly after the signing of the modernized Global Agreement between Mexico and the European Union. The updated framework is expected to reduce trade barriers, improve investment protections and create new opportunities for companies on both sides.
Officials from Mexico and Spain said the agreement could support greater business integration, particularly in sectors linked to production chains, innovation, exports and long-term investment.
Source: El Financiero
