Earlier today at the National Palace, President Enrique Peña Nieto received President of Portugal Marcelo Rebelo de Sousa, currently on a state visit to Mexico.

This is the first visit by a president of Portugal to Mexico for 18 years, and represents the culmination of the relationship that both countries have developed in recent years.

“Portugal and Mexico share a long, fruitful history of 153 years of friendship, dialogue and cooperation. We regard each other as allies in key issues on the global agenda such as the promotion of free trade, the fight against climate change and the defense of multilateralism”: EPN

Agreements

Mexico is Portugal’s second largest trading partner in Latin America. They trade $600 million USD a year, particularly in hydrocarbons, automobiles and other manufactured goods.

  • The two countries will work together to boost trade exchanges.
  • They will take advantage of new areas of opportunity. During this visit, a large business delegation was present.
  • Portugal represents support in the negotiation of the Global Agreement Mexico is working on with the European Union.
  • The leaders agreed to boost Portuguese investment in Mexico, and a greater presence of Mexican companies and products in Portugal.
  • There are now over 160 Portuguese companies operating in Mexico, “In sectors such as energy, technology and construction, as well as in the aerospace and automotive industries”.

It is worth noting that practically a third of Portugal’s Foreign Direct Investment registered since 1999 has occurred in the past four years”: EPN

  • Tourism will be promoted. 
  • He said that both governments will continue to promote bilateral cooperation in science and technology, as well as educational and cultural exchanges.
  • Next year, Portugal will be guest country at the Guadalajara International Book Fair, the largest in Latin America.

“All these agreements show the willingness of Portugal and Mexico to strengthen their ties and consolidate an increasingly beneficial friendship for our societies,”: EPN