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Lee Calls for Renewed South Korea-Mexico Trade Negotiations
Lee said restarting talks would deepen trade ties and give companies greater certainty as bilateral trade reached $20.6 billion last year, officials said.
On Friday, South Korean President Lee Jae Myung called for a swift resumption of stalled free trade agreement negotiations with Mexico, aiming to elevate bilateral economic cooperation that already contributes significantly to Mexican job creation and economic growth.
Negotiations for the trade pact have stalled since launching in 2006, despite bilateral trade reaching $20.6 billion last year; Lee noted the two nations lack a comprehensive institutional framework supporting this economic partnership.
Lee and Mexican President Claudia Sheinbaum agreed on Thursday to a comprehensive action plan boosting cooperation in advanced industries, with Lee describing Mexico as a "key strategic platform" for entering North American markets via artificial intelligence, defense, and aerospace.
Beyond manufacturing, South Korea's FA-50 fighter jet could support Mexico's modernization program, while Lee also proposed expanding energy and critical mineral supply chain partnerships alongside establishing a Korean cultural center.
Combining South Korea's technological innovation with Mexico's manufacturing capabilities could "open a new stage in bilateral relations," Lee said, emphasizing institutional arrangements needed to provide greater business certainty amid global trade uncertainties.
(ATTN: UPDATES with more info in last 2 paras, photo)By Park BoramMEXICO CITY, Sept. 25 (Yonhap) -- South Korean President Lee Jae Myung on Friday called for a swift resumption of negotiations for a trade agreement between South Korea and Mexico, say
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