Amb. Sara Valdes Bolaño, Ambassador of Mexico to Việt Nam. By Amb. Sara Valdes Bolaño* In forty-five years of diplomatic relations, economic ties between Mexico and Viet Nam have grown significantly. During this time, both countries have come to share a commitment to trade and investment liberalisation as an engine for economic development that contributes to improve the livelihoods of their citizens. Our two nations have developed highly diversified economies, with a complex and powerful export sector; indeed, trade as a percentage of the Gross Domestic Product (GDP) has constantly increased in the last three decades. Likewise, the number of free trade agreements implemented by each has multiplied exponentially: put together they amount to more than thirty bilateral and regional agreements. As a leading trading country, Mexico is a founding member of the World Trade Organization (WTO), an essential institution for global economic governance. It firmly supported Viet Nam’s membership to the organisation in 2007. With its predecessor, the GATT, it has been central for the world’s trade and economic development over the past seven decades. As a cornerstone of the multilateral trading system, its proper functioning is key to give certainty in the context of increasing adversity. The… Read full this story
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