Mexico could be door for Chinese investment in Latin America: official

(Xinhua)
Updated: 2009-02-08 13:39

MEXICO CITY -- Mexico could serve as a door for China's investment in Latin America and a factory producing goods for export, a senior official of a Mexican business promotion group told Xinhua on Saturday.

Juan Carlos Cante Reyes, Asia director of the ProMexico, a state-owned organization in charge of promoting trade and investment, was speaking prior to the official visit of Chinese Vice President Xi Jinping to Mexico and four other Latin American countries and Malta.

"Mexico has a recognized international, geographic and logistic position, besides its manufacturing industry," Reyes said.

He said many Chinese products and goods for export could be made in Mexico and sold to Latin American countries, adding this is "a great opportunity for both countries."

"There are many sectors Chinese investors could be interested in, especially the automobile industry, renewable energies, technology, food, electrical supplies, financial services and tourism," he added.

In Mexico, Xi is scheduled to attend the 19th plenary session of the Mexico-China Business committee.

The business meeting will be a platform for Chinese businessmen to build alliances with their Mexican counterparts and will produce concrete agreements on investment, Reyes said.

The meeting is also an opportunity to enhance bilateral trade and may mark the beginning of a new era of the economic ties between the two countries, he added.