Mexico and Spain confirm status of their bilateral relations

During his work tour in Europe, Mexican President Enrique Peña Nieto met, separately, with King Felipe VI of Spain and Prime Minister Mariano Rajoy to analyze the bilateral relationship between Mexico and Spain.

The Spanish government informed, after the meeting between Peña and Rajoy at the Moncloa Palace, that “both Heads of State have satisfactorily confirmed the excellent status of their bilateral relationship.”

Mexico's Office of the President detailed that both leaders shared their perspectives on the update of the legal framework of the Agreement of Economic Partnership, Political Coordination and Cooperation between the European Union and Mexico, in addition to other regional and global issues, such as the Venezuela crisis.

According to the Spanish Government, Mexico is Spain's first trade partner and client in Latin America.

In 2017, bilateral trade rose to € 8.6 million, an increase of 15% when compared to 2016. Moreover, exports rose 12.2% while imports 18%, compared to numbers of the previous year.

Mexico is the fourth destination of Spanish investments worldwide and the second in Latin America, while Spain is the sixth target of Mexican investments.

Spain has a considerable prescience in the Mexican market , particularly in the transport infrastructure, construction, energy, and telecommunications industries. Presently, one of their most important projects is the construction of a terminal at the new Mexico City Airport.

Afterward, President Peña Nieto and First Lady Angélica Rivera met with King Felipe VI and Queen Letizia of Spain at the Zarzuela Palace, where they discussed, among other matters, the joint effort both countries will launch to promote the Spanish language .

Mexico and Spain confirm status of their bilateral relations

(From left to right, First Lady of Mexico Angélica Rivera, Mexican President Peña Nieto, King Felipe VI and Queen Letizia of Spain - Photo: Courtesy of Mexico's Office of the President)

The Mexican Head of State also visited the House of Mexico in Spain , a building described by Peña Nieto as a “symbol of mutual interest and reciprocity between our nations.”

Located in Madrid, this venue is part of a project to promote Mexican cuisine, culture, economy, tourism, and business innovation by becoming the main cultural hub of Mexican culture in Europe .

The House of Mexico in Spain is the counterparty of the House of Spain, which opened in 2002 in Mexico City.

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