To mark the 40th anniversary of diplomatic relations between Mexico and Spain, Foreign Relations Secretary Luis Videgaray Caso is currently visiting the European nation.
Videgaray Caso will host the 22nd edition of the “Mexico-Spain Binational Commission” alongside his Spanish counterpart Alfonso Dastis Quecedo.
Both diplomats will discuss topics in the political, economical, legal, cultural, educational and science-technology sectors.
The commission will include the signing of accords that will strengthen legal aspects in matters of aviation, collaboration between diplomatic academies, consumer protection, labor cooperation and stimulus for commercial trade and investment.
During his stay, Videgaray Caso will meet with King Felipe VI, Prime Minister Mariano Rajoy Brey, Economy, Industry and Competitiveness Secretary Luis de Guindos Jurado and Ibero-American General Secretary Rebeca Grynspan.
Videgaray Caso will also attend a ceremony at Madrid City Hall, where he will receive the keys to the building that will house the “House of Mexico” in Spain from Mayor Manuela Carmena, head a breakfast organized by the news agency Europa Press and meet with Spanish businessmen to discuss the relationship between both countries as well as opportunities to strengthen it.
Spain is the second largest investor in Mexico and the first among members of the European Union. Between 1999 and 2016 Spanish investment was more than $57 billion, from over 5,000 companies from the financial, media-communications and manufacturing sectors.
In 2016, Spain was Mexico’s ninth largest trading partner in the world and the second largest in the EU, with a total trade of $7.7 billion.