After crossing signs between EU, Canada and Mexico on the entry of Chinese products to North America, he Chinese Government He pointed out that the politicization of economic affairs “does not work.”
You might be interested in: Increasing tariffs “would lead to a loss of competitiveness”: Sheinbaum
The above, through the spokesperson of the Chinese Foreign Ministry, Mao Ningwho was questioned about the answer given by the President Sheinbaum to the indications of EU y Canada that Chinese imports reach their market through Mexico, an issue that she would demonstrate is not the case; before it And said that:
“China carries out trade cooperation with other countries in accordance with international standards and market principles (…). We always believe that politicizing economic issues is in no one’s interest. “China and Mexico are good friends who trust each other and good partners who seek common development.”
In turn, the Chinese official stressed that Chinese imports have promoted the manufacturing industry of Mexico and improving competitiveness in foreign trade.
In addition, the interest of both nations is to maintain stable and solid economic and commercial ties, which will serve all parties in the long term, and that:
“China is willing to work with Mexico to maintain the good momentum of our bilateral trade and economic cooperation to boost the development of both countries.”
On the morning of November 22, to the president Claudia Sheinbaum He was questioned about the threat of the next president of EU, Donald Trumpand the prime minister of Canada, Justin Trudeau, for Mexico to reduce its relationship with China.
To which,Sheinbaum Pardo pointed out that EU y Canada, and also Mexico “they have many imports from china”,and that the Treasury designs a plan to substitute imports from China and produce most of them in Mexico either through Mexican or North American companies,and that:
“This idea that Chinese products are entering through Mexico to be taken to the United States is not correct. And I demonstrated that the day the Mexican and United States businessmen were here, on October 15, when we had this meeting.”
You might be interested in: Sheinbaum will also send a letter to the Prime Minister of Canada, Trudeau
ART
Related
How could external pressures from the EU and Canada influence trade relations between China, Mexico, and North America?
interview: Navigating Trade Relations Between China, Mexico, and North America
Editor: Welcome to Time.news! Today, we’re discussing the evolving trade dynamics between China, Mexico, and North America in light of the recent statements by the Chinese government and Mexican President Claudia Sheinbaum. Joining us is Dr. Li Zhang,a trade expert specializing in international relations and economic policy.Thank you for being here, Dr. Zhang.
dr. Zhang: Thank you for having me! It’s a pleasure to discuss this critically important topic.
editor: Recently, the Chinese Foreign Ministry criticized the politicization of economic matters, stating that it doesn’t serve anyone’s interests.What do you see as the implications of this statement in the context of trade relationships among these nations?
dr. Zhang: The Chinese government is stressing that trade should be based on mutual cooperation rather than political agendas.This is notably relevant now, as tensions exist over China’s exports entering North American markets via Mexico. By emphasizing cooperation, China aims to strengthen its economic ties with Mexico and, by extension, North America. if both parties maintain a collaborative approach, it could foster a more stable economic surroundings.
Editor: President Sheinbaum has highlighted Mexico’s role as a manufacturing hub and indicated plans to reduce reliance on Chinese imports by encouraging local production. How might this strategy impact Mexico’s economy?
Dr. Zhang: Sheinbaum’s plan to substitute some Chinese imports with domestic production could considerably boost Mexico’s manufacturing sector. By facilitating local production, Mexico can enhance its competitiveness in foreign trade. However,it’s essential for Mexico to carefully manage this transition to avoid potential disruptions in supply chains. The government will need to ensure that Mexican companies have the resources and support necessary to ramp up production.
Editor: The dialog between China and Mexico seems to suggest a strong partnership. How do you think this relationship will evolve in the coming years, especially considering external pressures from entities like the EU and Canada?
Dr. Zhang: The relationship between china and Mexico is likely to deepen. Both countries have expressed a commitment to maintaining strong economic ties,which can offer mutual benefits. However, pressures from the EU and Canada, particularly if they seek to limit Chinese influence in North America, could add complexity. Mexico will have to balance these external expectations while pursuing its own economic interests with China. This balancing act will be crucial for Mexico to establish itself as a key player in the global supply chain.
Editor: In light of these developments, what practical advice can businesses operating in this tri-national context take from these discussions?
Dr. Zhang: Businesses should stay informed about changes in trade policies and market conditions.Engaging with local Mexican suppliers can enhance supply chain resilience and perhaps lower costs. Companies should also invest in understanding the regulatory environment as it evolves, particularly concerning tariffs and trade agreements. Moreover, cultivating relationships with both Chinese and North American stakeholders will be crucial for navigating this complex landscape.
Editor: Thank you, Dr. Zhang, for your insights. It will be engaging to see how these dynamics evolve as countries navigate their economic interests while facing external pressures. Is there anything else you would like to add?
Dr. Zhang: It’s essential for all parties to understand that the global trade landscape is interdependent. Open dialogue and cooperation will be key factors in promoting economic growth and stability. Thank you for having me today!
editor: Thank you for joining us, and thank you to our readers for tuning in to this important discussion on trade relations. Stay informed and engaged as these developments unfold!