Merkel invites Mexico to be creative in digital productionBy Elliot Bullman
German Chancellor Angela Merkel announced that the Free Trade Agreement between the EU and Mexico will be updated.
Speaking on Saturday at the business forum "Germany and Mexico: Partners on the Road to Industry and Dual Training", along with President Enrique Peña Nieto, German Chancellor Angela Merkel invited Mexico to join global digital production in order to catapult its development.
At the event Merkel stated "those of us who know and appreciate digital production have to ensure that we are not just a workshop to produce what other large Internet companies have ordered” so that much of the value creation shall remain in industrial production, thus generating better qualified jobs for Mexico.
"These chains of value creation should not be destroyed again without necessity. And that's why all of us sitting here, President Peña Nieto and myself, are in favour of a system based on the rules for free international trade, "she said.
With this in mind, she also explained that sometimes transitional solutions are needed because economies continue to develop. She put the NAFTA and the Free Trade Agreement with the European Union as an example, "which have become somewhat obsolete, but the important thing is that these multilateral agreements create an equal playing field for all, to be interconnected".
Merkel also stressed that there are already 1,900 German companies operating in Mexico which have created 150,000 high-quality jobs with well-qualified workers in Mexico. Conversely according to data from the German Federal Bank, Mexico is the leading Latin American country for foreign direct investment into Germany. Between 2000 and 2015, Mexico had invested over US$1.5bn.
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