Mexico anticipates new Asia-Pacific Trade prospects as US walks out of TPP deal

Mexico's Foreign Relations Secretary Luis Videgaray, left, Chile's Foreign Affairs Minister Heraldo Munoz, centre, Columbia's Foreign Minister Maria Angela Holguin, right, during a meeting with representatives from the Trans-Pacific Partnership in Vina del Mar, Chile. Photo by Mohsin Abbas / The Santiago Times Staff

By Mohsin Abbas / The Santiago Times Staff

VIÑA DEL MAR — Mexico says it expects new trade opportunities for the Asia-Pacific countries as the Trans-Pacific Partnership (TPP) has kicked off in Chilean coastal city of Viña Del Mar.

According to Mexican Foreign Secretary Luis Videgaray, the US withdrawal from the TPP deal could boost other alternatives for integration and trade among the countries in the Pacific Ocean basin.

In a press conference after his meeting with Chilean Foreign Minister Heraldo Munoz, the head of the
Mexican diplomacy admitted that for his country, coming closer to this partnership was a priority.

Mexico is a member of the Pacific Alliance (AP), together with Chile, Colombia and Peru, and it was supported by the group some days ago, faced with threats by the United States to erect a border wall and apply measures on the bilateral trade.

“Although one of the important TPP members the United States has decided to go follow a different path, which opens opportunities that could be used bilaterally among the countries that shape the TPP or through groups of countries,” the Mexican said at the press conference.

Luis Videgaray and Mexican Economy Secretary Idelfonso Guajardo are participating in the two-day meeting on Integration Initiatives in the Asia-Pacific area, Challenges and Opportunities in Viña del Mar, known as Chile’s Garden City.