APEC has created a free trade area and enhanced regional integration and globalization, said Sergio Ley Lopez from the Mexican Entrepreneurial Council for Foreign Trade, Investment and Technology.
Sergio Ley Lopez, President of the Mexican Entrepreneurial Council for Foreign Trade, Investment and Technology's Business Section for Asia and Oceania. (Photo: Milenio)
Mexico(VNA) – The Asia-Pacific Economic Cooperation (APEC) forum has created a freetrade area and enhanced regional integration and globalization, said Sergio LeyLopez from the Mexican Entrepreneurial Council for Foreign Trade, Investmentand Technology (COMCE).
The important axisof the global economic integration will be the Atlantic Ocean - the Pacific andthe APEC economies are well on their way to form the most important economiccommunity in the world, Lopez, who is President of the COMCE’s Business Sectionfor Asia and Oceania, told Vietnam News Agency correspondents in a recentinterview in Mexico City.
APEC mechanism forcooperation is the best antidote to protectionism, which is emerging in someeconomies, he noted, stressing that the protectionism has no future as thefuture of the world would be globalization.
He took Mexico as anexample where every goods here have their components produced in different countriessuch as Vietnam, Malaysia, the US, and Japan.
Vietnam and Mexicoparticipated in the negations for the Trans-Pacific Partnership Agreement(TPP), serving as a tool for new-generation cooperation by moving towardsglobalization, he said.
He went on to saythat Mexico, Vietnam as well as other countries remain committed to the TPPdespite the withdrawal of the United States; and thanks to the trade deal, Mexico-Vietnamrelations will grow further.
Mexico is ready tobe a gate for made-in-Vietnam products to get access to Pacific Alliance (AP),including Mexico, Chile, Peru and Colombia alongside the Latin America and atthe same time, Vietnam would open the door for Mexico to expand trade withother ASEAN nations, Lopez stated.
Trade between Vietnamand Mexico reached nearly 5 billion USD in 2016.
Established in 1989to enhance economic growth and prosperity for the region and to strengthen theAsia-Pacific community, APEC has 21 member economies, which account for nearly60 percent of global GDP and about 47 percent of world trade.-VNA
Throughout the course of nearly three decades, the Asia-Pacific Economic Cooperation (APEC) forum has increasingly affirmed its leading role in the global growth and connectivity.
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Sergio Ley Lopez, President of the Mexican Entrepreneurial Council for Foreign Trade, Investment and Technology's Business Section for Asia and Oceania. (Photo: Milenio) 
