Vietnam emerges as Mexico’s potential trade partner

Chia sẻ
(VOVWORLD) -Amid Mexico’s increasing import taxes on countries without a Free Trade Agreement (FTA), Vietnam is gaining recognition as a promising trade partner for this Latin American nation.
Vietnam emerges as Mexico’s potential trade partner - ảnh 1Trainers are produced for export. Illustration photo by Tran Viet/VNA

In an interview with a Vietnam News Agency (VNA) correspondent in Mexico, Vietnamese Trade Counselor Luu Van Khang highlighted that in 2024, many leading Mexican importers and distributors have turned to Vietnam for goods supplies, especially apparel, footwear, plastics, and furniture - the country's strengths.

Both Vietnam and Mexico are members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which offers preferential import-export tariffs.

Khang said that efforts by businesses and relevant agencies in both countries, coupled with the shift of Mexican importers toward Vietnam as an alternative market, have propelled bilateral trade to 5.9 billion USD between January and November. This figure is projected to reach 6.4 billion USD by the end of the year, marking a 23% increase compared to 2023.

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