Mexico and South Korea agreed to strengthen their economic dialogue as both countries look to modernize their trade relationship and explore new areas of bilateral cooperation.
The agreement followed a meeting in Mexico City between Mexico’s Economy Secretary, Marcelo Ebrard, and South Korea’s Minister of Trade, Yeo Han-koo. As part of the talks, both governments proposed creating a ministerial-level strategic dialogue and a working group focused on trade, investment and economic cooperation.
One of the main issues discussed was the protection of South Korean investments in Mexico, particularly amid shifts in global supply chains and the upcoming review of the USMCA. According to information released after the meeting, both countries will seek to maintain consultations to address potential impacts on South Korean companies operating in Mexico.
Mexico and South Korea’s economic relationship has become increasingly relevant in sectors such as manufacturing, automotive production, electronics, auto parts and technology. Several South Korean companies have operations in Mexico and are integrated into supply chains connected to the North American market.
While the meeting may lead to a more structured bilateral relationship, the current focus is on strengthening dialogue, reviewing cooperation mechanisms and following up on trade and investment interests from both sides.
The talks come at a time of global trade adjustments, tariff tensions and regional agreement reviews, factors that have pushed many countries to reassess their foreign trade strategies.
Source: El Sol de México
