Minister Altmaier exchanges views with Mexico’s Secretary of Economy

Federal Minister for Economic Affairs and Energy Peter Altmaier exchanged views on strengthening German-Mexican economic and investment relations with Tatiana Clouthier, Mexico’s new Secretary of Economy, via video link today.

Minister Altmaier said: "Mexico and Germany are close partners, and economic relations between our two countries have been developing very dynamically in the last few years. At present, our two countries are continuing to focus on tackling the coronavirus crisis, but we intend to further deepen our relations in the future. A modernised EU-Mexico Global Agreement is a major building block for this."

Mexico is the number-one destination for German exports to Latin America. Germany is Mexico’s third most important trading partner. In 2020, the bilateral trade volume totalled €19.1 billion. Around 2,000 German enterprises employ approximately 200,000 people in Mexico. They are also benefitting from the EU-Mexico Economic Partnership, Political Coordination and Cooperation Agreement (also referred to as the 'Global Agreement'). The updating of the Agreement, which has been in force for two decades, aims to strengthen cooperation and promote trade.