Development of Trade Relations Between Mexico and China Under Non-Bilateral Trade Treaties
Paola Barrera Ibarra
Paola Barrera Ibarra*, Law Degree, National Autonomous University of Mexico.
Manuscript received on June 09, 2020. | Revised Manuscript received on June 17, 2020. | Manuscript published on June 30, 2021. | PP: 190-223 | Volume-4, Issue-10, June 2020. | Retrieval Number: J09580641020/2020©BEIESP | DOI: 10.35940/ijmh.J0958.0641020
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© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The Diplomatic relations between Mexico and the People´s Republic of China were established on February 14, 1972, after the Mexican government joined in October 1971 to vote in favor of the Asian country joining the United Nations as sole representative of that nation and accepting the principle of “one China” based on the recognition of the indivisibility of its territory. Even though China and Mexico have not signed any Free Trade Agreement, economically speaking China is today the second largest commercial partner of Mexico in the world and the third global destination of Mexican exports. Under the Mexico-China Comprehensive Strategic Association, agreements have been generated that have improved Mexico’s access to the Chinese market. Still the bilateral trade balance between these two countries has been in deficit for Mexico, especially as a result of the push achieved by the PRC after joining the World Trade Organization.This research attempts to analyses the trade relationship between Mexico and China in the context SWOT analysis, that it, from the strengths, weaknesses, opportunities and threats such partnership has, also analyses whether or not this two nations are strategic partners, as well as whether or not their economies reflect any benefit as a consequence of their trade activity. At the end of this research, it was found that Mexico’s trade exchange with China has not opened real opportunities for Mexican foreign trade, and therefore has not managed to become a key factor in the growth of the Mexican economy, which partly is due to the deficit reported by México, which show that commercial exchange has not been equitable between the two parties.
Keywords: China and Mexico trade relationship, Mexican Trade, Chinese Trade.