Mexico signs trade agreement deal with e-commerce platform Alibaba

Mexico’s government said on Wednesday it has inked a deal with Alibaba Group Holding Ltd., to get Mexican products and services, especially from small- and medium-sized firms, onto the top Chinese e-commerce firm’s platform.

The deal comes as Mexican President Enrique Pena Nieto wraps up a trip to China to discuss trade and investment, as part of a strategy to diversify and open new markets for his country’s products.

With U.S. President Donald Trump repeatedly threatening to terminate the North American Free Trade Agreement (NAFTA), a deal that underpins $1.2 trillion in trilateral trade between the United States, Canada and Mexico, Pena Nieto’s government has stepped up efforts to open up new trade channels.

The United States, Canada and Mexico concluded a second round of talks to modernize NAFTA on Tuesday, with top officials saying progress had been made.

During Pena Nieto’s trip, China’s vice trade minister, Wang Shouwen, said China was interested in possibly establishing a free trade agreement with Mexico.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s