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President Sheinbaum welcomes Japanese business leaders to Mexico, eyeing closer trade ties

MND Staff
By MND Staff
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President Sheinbaum met in the National Palace Monday with representatives from a number of prominent Japanese corporations as well as leading business sector organizations such as the Mexico-Japan Economic Committee and the Japan Business Federation. (Presidencia)

President Claudia Sheinbaum welcomed visiting Japanese business leaders on Monday as part of Mexico’s efforts to strengthen bilateral cooperation with Japan. 

“At the National Palace, we received the president of the Mexico-Japan Economic Committee, Seiji Kuraishi; members of the Japan Business Federation; and Ambassador Kozo Honsei to discuss investments,” Sheinbaum wrote on X. 

Economy Minister Marcelo Ebrard had his own meeting with the Japanese business delegation and Embassy representatives.  

The meetings addressed the main business challenges faced by Japanese companies operating in Mexico, as well as those related to the USMCA (United States-Mexico-Canada Agreement), within the framework of a dialogue on the general trade and investment environment in North America.

Directors and representatives from a number of Japanese firms, including Honda Motor, All Nippon Airways, ANA Holdings, Toyota Motor Mexico, NSK, Panasonic Holdings, Mazda, Mitsubishi Electric Automotive, Nissan Mexicana and Mitsubishi Mexico, also attended the meetings. 

Ebrard emphasized the importance of Japan and Mexico working together to expand the presence of Japanese companies in Mexico.

The trade relationship between the two countries was formalized in 2004 with the signing of an Economic Partnership Agreement, since updated, that has permitted most products from both Japan and Mexico to be traded between each other without tariffs. 

There are now approximately 1,600 Japanese companies in Mexico that generate 350,000 jobs, Sheinbaum said.

The Economy Ministry revealed that it is monitoring 39 Japanese investment projects and has addressed several challenges in the business environment in recent months. The Ministry also said that an agreement was reached to continue coordination between Japan and Mexico on energy, customs and trade facilitation.

With reports from El Financiero and Revista TYT

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