The News
The News
Tuesday 29 of November 2022

Mexico and Denmark Seek Closer Economic Collaboration


Danish Prime Minister Lars Loekke Rasmussen smiles during his meeting with Mexican President Enrique Pena Nieto in Copenhagen,Photo: Reuters/Liselotte Sabroe
Danish Prime Minister Lars Loekke Rasmussen smiles during his meeting with Mexican President Enrique Pena Nieto in Copenhagen,Photo: Reuters/Liselotte Sabroe
The official visit of the Mexican government to Denmark could pave the way for further investments and collaboration

Denmark is Mexico’s second most important business partner among nordic countries, and the fourteenth within the European Union. It represents a country with which there exists great areas of opportunity for a closer economic and productive collaboration between both countries, stated Manuel Herrera Vega, president of the Mexican Confederation of Industrial Chambers (Concamin).

Mexican and Danish officials hold a meeting in Copenhagen. Photo: Notimex.
Mexican and Danish officials hold a meeting in Copenhagen. Photo: Notimex

This was Mexico’s first state visit to Denmark in almost 200 years of diplomatic relations. Following the conclusion of the Denmark-Mexico Economic Seminar in Copenhagen, Herrera Vega pointed out that great opportunities for Mexico include clean energy or pharmaceuticals, fields in which Denmark has made great progress in recent years.

Meanwhile, various products made in Mexico such as turbojet engines, refrigeration pieces, laminate tubes and other products could increase their exports to the Scandinavian nation, fostering greater presence of Mexican products and an efficient model of a productive chain in which small- and medium-sized Mexican companies become providers for global companies.

Up until 2011 there where 190 businesses in Mexico with Danish investment, focused mainly on the service sector (42.6 percent), commerce (21 percent) an the manufacturing industry (34 percent).

Manuel Herrera Vega, president of Concamin was among the Mexican business representatives in Denmark. Photo: Cuartoscuro/Enrique Ordoñez.
Manuel Herrera Vega, president of Concamin was among the Mexican business representatives in Denmark. Photo: Cuartoscuro/Enrique Ordoñez

“Competitive advantages such as our geographic location can be used in favor of a closer productive collaboration between Mexico and Denmark. We want to attract and retain more Danish investment in Mexico, having demonstrated that, for instance in the manufacture industry, these alliances are greatly beneficial for both parts,” said Herrera Vega.

Other themes in which Denmark has great advances, such as the fight against corruption and various transformations for a better functioning and transparent Danish society, are examples that can be adapted to Mexican society for the strengthening of its institutions and the establishment of a better society, based on the trust and co-responsibility of all sectors of the country.

Since entering the Mexico-EU Free Trade Agreement in 2000, the comercial exchange between both countries increased 274.3 percent, from $175.6 million in 1999 to $657.4 million in 2015.