Singapore's economic ties with Mexico grow with opportunities aplenty
Published on May 28, 2014 6:30 PM
Singapore enjoys a growing economic relationship with Mexico, with opportunities in key sectors of oil and gas, manufacturing, and urban solutions, International Enterprise (IE) Singapore said on Wednesday.
It said at its iAdvisory seminar on business opportunities in Mexico that bilateral trade with the second largest economy in Latin America has doubled over the last decade to $4.2 billion last year.
This makes the country Singapore's fourth largest trading partner in Latin America.
Mexico is also Singapore's second largest investment destination in the region. As at end 2012, Singapore's stock of direct investment into Mexico amounted to $1.14 billion.
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