MEXICO CITY, Mexico (Reuters) – Hundreds of Chinese companies have descended on Mexico City for an expo that seeks to promote trade ties with Latin America’s No.2 economy amidst uncertainty over the future of the North American Free Trade Agreement.
The “China Homelife Mexico” expo is the biggest expo of Chinese goods in the world, featuring state-of-the-art technology and electronics that originate from the Asian superpower.
The expo has already been done in Brazil and its second Latin American stop in Mexico cements China’s growing interest in the continent, just one day after Panama announced it will establish ties with Beijing and ditch Taiwan.
For Mexico, the expo is a win-win. It has been exploring ways to lessen its economic dependence on the United States out of fear that access to its No. 1 trade partner will be restricted by policies under Trump, who promises to protect American jobs from going outside the country.
The expo is the latest overture in relations between Mexico and China. Earlier this year, Mexico’s Giant Motors and China’s Anhui Jianghuai Automobile (JAC Motor) announced an investment of 4.4 billion pesos ($212.46 million) in a car plant.