Press release
Minister for Trade Promotion to participate in Trade and Economic Seminar with Mexico
From Department of Enterprise, Trade and Employment
Published on
Last updated on
From Department of Enterprise, Trade and Employment
Published on
Last updated on
Robert Troy TD, Minister for Trade Promotion, Digital and Company Law will today participate in an online seminar co-hosted by H.E. Ambassador Miguel Malfavón, Mexico’s Ambassador to Ireland.
The seminar, organised by the Embassy of Mexico in Ireland and supported by the Irish Embassy in Mexico, brings together high-level representatives from thirty-two Mexican States to promote trade and investment opportunities between Ireland and Mexico.
Ireland has strong trade links with Mexico; Ireland’s trade with Mexico in 2019 in goods and services reached a value of €3.6 billion, with Ireland’s exports and imports performing strongly. In 2020 Ireland’s goods exports to Mexico grew by 4% to reach €1.6 bn.
Speaking ahead of the virtual event, Minister Troy said:
"I am proud of how the resilience of Irish businesses and the tireless efforts of our trade agencies – Enterprise Ireland and IDA Ireland, working closely with my department – have seen record level of exports – over €160 billion.
"As an island nation, and due to our relatively small size, we have always had a strong international orientation and export focus; Mexico offers Irish exporters a growing and diverse market. Our bilateral and multilateral cooperation is strong, and I welcome the continued robust performance of trade in goods between Ireland and Mexico, which reached €1.6bn last year."
Speaking on the upgraded EU- Mexico Global Agreement, he said:
"Mexico is the main market for Irish exports to Latin America and the prospects for increasing bilateral trade are positive. There is long-standing and comprehensive relationship between our two countries, and I would emphasise that new trading opportunities for Irish and Mexican exporters and investors will be generated thanks to the comprehensive and ambitious upgrade of the EU-Mexico Global Agreement.
"In its most recent trade figures, Mexico imported $420 billion of goods and services. This agreement will make it easier to trade between Ireland and Mexico and it will create opportunities for Irish exporters, particularly in the agri-food sector, to Mexico’s $2.5 trillion economy, the 11th largest in the world.
"Additionally, our two economies are looking for a greater trade diversification and both benefit through their participation in global value chains."