Mexico and Malaysia Agree to Deepen Trade Relations

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Press Release No 149/12
Mexico City, July 11, 2012

The Secretary of Economy, Bruno Ferrari, met with his industry counterpart from Malaysia, Mustapa Mohamed, during his tour of Southeast Asia.

The executives of the Malaysian Palm Oil Board told the head of the Secretary of Economy of their interest in investing in Mexico, because of its potential in the field of agribusiness and its biodiversity.
 
As part of his working tour of Southeast Asia, the Secretary of Economy, Bruno Ferrari, met in Malaysia today with his industry counterpart, Mustapa Mohamed, with whom he reviewed the bilateral agenda and agreed to deepen trade relations.
 
At the meeting, both officials addressed Mexico's entry into the Strategic Transpacific Partnership Agreement (TPP) negotiations.
 
Later on, Mr. Ferrari met with executives of the Malaysian Palm Oil Board, who expressed their interest in investing in Mexico, citing its potential in the field of agribusiness and its biodiversity.
 
The Director of the company, Datuk Dr. Choo Yuen, told Mr. Ferrari that Malaysia produces 51 percent of the world's palm oil, and accounts for 62 percent of palm oil exports at international level.
 
As part of these meetings with the production sector, Mr. Ferrari also met with leaders of the Federation of Malaysian Manufacturers (FMM) to give a presentation on the opportunities Mexico offers as a platform for developing products targeted at Latin American end markets. The FMM represents more than 2,500 manufacturing and industrial services businesses.

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