Sigmar Gabriel, Federal Minister for Economic Affairs and Energy, today met with the President of the United Mexican States, Enrique Peña Nieto. On this occasion, two declarations of intent - on the establishment of a bilateral Energy Partnership and on the Manager Training Programme - were signed.
Federal Minister Gabriel said: "Mexico is a key economic partner for Germany in Spanish-speaking Latin America. In the last few years, German companies have continuously expanded their activities in Mexico. We must deepen our cooperation especially in forward-looking areas to ensure that this positive trend will continue. Therefore I am very pleased that we agreed on an Energy Partnership between our two countries today to intensify the exchange of information especially in the fields of renewable energies, energy efficiency, and electricity and gas markets. In addition, we laid the foundation for the further advancement of the Manager Training Programme, which was set up in 2013. More than 100 young Mexican men and women have already participated in the programme in Germany, and now German managers from small and medium-sized enterprises will for the first time be able to participate in a training programme in Mexico in 2017. The programme aims to make participants more familiar with the business environment of the partner country and to open up new business opportunities for German and Mexican SMEs."
Mexico is Germanys most important trading partner in Spanish-speaking Latin America. In 2015, the bilateral trade volume totalled 17.4 billion US dollars. In 2014, Germanys trade surplus amounted to 5.4 billion euros. Germany ranked fourth in terms of Mexican imports (3.4 %) and seventh in terms of exports (0.9 %) in 2014. In 2015, Mexico came 23rd as regards German exports and 36th in terms of German imports. The bilateral economic relations focus on the automotive and component supplier sectors, the chemical and pharmaceutical industries and the fields of transport, logistics and energy.