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Mexican trust fund seeks enhanced trade ties with Azerbaijan

1 November 2016 11:22 (UTC+04:00)
Mexican trust fund seeks enhanced trade ties with Azerbaijan

By Laman Ismayilova

Francisco Gonzalez Diaz, the head of ProMexico, a Mexican trust fund promoting international trade and investment, is to visit Azerbaijan to establish cooperation with local companies and to promote Mexican goods in the Azerbaijani market.

Mexican Ambassador Rodrigo Labardini announced about this while talking to Trend said on October 31.

The exact date of the visit has not been approved yet, but the visit is expected in April-May 2017.

Representatives of Mexican business interested in entering the Azerbaijani market are expected to join the ProMexico delegation, the diplomat said.

The ambassador added that Mexican travel companies are anticipated to take part in the next Travel and Tourism exhibition to be held in Baku on April 6-8 2017, where they will present Mexico’s tourism potential.

The Azerbaijani State Customs Committee, trade turnover between Azerbaijan and Mexico amounted to $19.03 million in January-September 2016, as compared to $20.76 million in the same period of 2015.

Azerbaijan’s export to Mexico amounted to $188,100 and import amounted to $18.84 million in the first nine months of 2016.

Mexico recognized Azerbaijan's independence in 1991 and the diplomatic relations between the two countries were established in 1992. Azerbaijan's Embassy in Mexico was established in 2006.

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