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Mexican businessmen see “opening and recovery” in meeting with Fernández

Mexico, Feb 22 (EFE) .- Mexican businessmen highlighted the “recovery” of the Argentine economy and the “openness” of President Alberto Fernández after his meeting this Monday at a hotel in Mexico City, where the president had his first event in his official visit to the country. “We are not talking about the past, we are talking about the future. This is an economy that is opening up, we saw a recovery in Argentina, we have all ‘externalized’ it, in the last three months,” said Armando Torrado, director for South America of the conglomerate after the meeting. Mexican restaurant Alsea. In the private meeting, without access to the media, they were representatives of various companies and branches of the Mexican industry, such as Alfa, Kaluz, Coppel, Mabe, Rotoplas, Arca Continental, Ternium, Bimbo, Coca-Cola Femsa, Cinépolis and América Móvil . The Argentine president, who arrived in Mexico City this morning, was accompanied by the ministers Martín Guzmán, of Economy, and Felipe Solá, of Foreign Relations, International Trade and Worship. “It gives you confidence, there is no way that the three people who manage the cabinet speak and tell you what is happening and see you in the face. He did not promise us absolutely anything, he said ‘hey, we are going to do our best and we are doing what own, but without promises that we cannot keep, “said Torrado. The commercial relationship between Mexico and Argentina is governed by the Economic Complementation Agreement N ° 6 (ACE 6) and the Economic Complementation Agreement N ° 55 (ACE 55), according to the Mexican Ministry of Economy (SE). Although they are the second and third largest economies in Latin America, Argentina is the 29th trading partner of the Mexican economy, while Mexico ranked 10th in Argentine trade. Bilateral trade in 2019 was 1,562.5 million dollars, an annual decrease of 25%, reveal the latest data from the Ministry of Economy. On the other hand, Argentina is the 10th investor in Mexico and the 1st in the Latin American region, according to Economía, which highlights that there are at least 35 large Mexican companies in the South American country. Mexican businessmen agreed on the persistent problems in the Argentine economy, such as inflation close to 40%, export and import locks, and price controls. Even so, the “meeting with President Fernández was very good, very cordial and very pleasant,” said Máximo Vedoya, director of the Ternium steel company and president of the National Chamber of the Iron and Steel Industry (Canacero). “The president listened to all Mexican businessmen, their doubts. Minister Guzmán told how Argentina was recovering its economy and it was a very cordial and entertaining dialogue between businessmen and the president, and I think it was very good for everyone because we have all left very happy, “he said. Although Efe tried to access a statement from the Argentine Presidency, officials argued that the meeting was private. The Argentine president left the hotel escorted, without speaking to the press, in a convoy heading to the Liomont laboratories where the AstraZeneca vaccine and the University of Oxford that Mexico and Argentina produce for the rest of Latin America are packaged. Fernández has public events scheduled for Tuesday, such as attending President Andrés Manuel López Obrador’s morning press conference, a solemn session in the Senate and more meetings with businessmen, including magnate Carlos Slim. (c) EFE Agency

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