Serbia and Mexico Strengthen Economic Cooperation

A seminar on strengthening economic relations between Mexico and Serbia was held at the Chamber of Commerce and Industry of Serbia, focusing on advancing economic cooperation between the two countries and creating new opportunities for Serbian companies within global supply chains.

Deputy President of the Chamber of Commerce and Industry of Serbia Mihailo Vesović emphasized the importance of such initiatives in intensifying economic cooperation between Serbia and Mexico.

“After more than two decades without a business mission, we invite Mexican companies to come to Belgrade. We want Belgrade to be included on the route map of business delegations visiting this region. We will be proud hosts,” Vesović stated.

He highlighted the high-tech and IT services sector as an area with strong cooperation potential, noting that geographical distance and logistics are less significant factors in these industries.

“Serbian companies can offer high-quality IT and high-tech services to the Mexican market, while there is also considerable room for investment cooperation,” Vesović added, thanking the Embassy of Mexico for its support in organizing the seminar and strengthening economic relations between the two countries.

Carlos Isauro Félix Corona pointed out that Mexico, with a population of more than 130 million, represents one of the world’s most important economies.

“Mexico has a strong industrial sector, particularly in the automotive industry, auto parts manufacturing, and aerospace industry, as well as a highly developed agricultural sector. We are the world’s leading silver producer and one of the world’s most visited tourist destinations, welcoming 46 million international visitors annually,” the ambassador said.

He also recalled that the Free Trade Agreement between Mexico, Canada, and the United States remains in force and is currently undergoing revision aimed at further improving regional economic cooperation.

Speaking about global economic challenges, the ambassador assessed that geopolitical tensions and tariff barriers have significantly affected the global economy, while at the same time creating new opportunities for companies seeking to become part of emerging supply chains.

“The structure of the global economy will not change dramatically, but supply chains are shifting. Mexico belongs to one of the world’s most important regions, and in that context, Serbian companies have an opportunity to become part of those supply chains,” the ambassador emphasized.

During the seminar, it was also noted that Mexico is the world’s tenth-largest exporter and the eleventh-largest investment destination, while as much as 75 percent of the country’s GDP comes from foreign trade. Mexico is the second-largest economy in Latin America and one of the region’s export leaders, while among OECD countries it stands out for its large number of engineers and STEM graduates.