As the year proceeds, Mexico, the world’s thirteenth largest economy, is expected to rebalance its international trade relationships. It is likely to do so irrespective of the outcome of meetings underway with Canada and the US on the future of the North American Free Trade Agreement (NAFTA), or President Trump’s threats about future US participation.
For many months, Mexico has been exploring new trade initiatives with China, which is a major trade partner, and with other nations across the Pacific, and with southern neighbours in the Americas.
Next week the country’s President, Enrique Pena Nieto, will travel to China to meet President, Xi Jinping, and will participate in a BRICS summit in Xiamen that may involve nations from beyond the association’s original membership of Brazil, Russia, India, China and South Africa.
