Lee Calls for Resumption of Trade Pact Negotiations with Mexico

South Korean President Lee Jae Myung has urged for the swift resumption of trade negotiations with Mexico, highlighting the importance of strengthening bilateral economic ties. Speaking at a business forum in Mexico City, he noted that Mexico is South Korea's largest trading partner in Central and South America, with bilateral trade reaching $20.6 billion last year.

Despite the significant trade volume, Lee pointed out that the two nations have yet to establish a comprehensive trade agreement. He stressed that a formal pact would provide a solid foundation for further economic cooperation, especially in light of uncertainties in the global trade environment.

Lee's comments come after he and Mexican President Claudia Sheinbaum agreed on a comprehensive action plan to enhance collaboration in advanced industries, including artificial intelligence and defense. The two leaders acknowledged the need to restart negotiations that have been stalled since 2006.

The South Korean president emphasized Mexico's role as a key player in North American supply chains, particularly in manufacturing sectors such as automobiles and electronics. He expressed optimism that the combination of Mexico's manufacturing capabilities and South Korea's technological expertise could lead to mutual growth opportunities.