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Weekly Roundups

Mexico’s Attractiveness in the Asian Market

By Sofía Hanna | Thu, 03/18/2021 - 14:11

Mexico is one of the most attractive countries for Asian markets, such as China, South Korea and Japan. Part of the reorientation of trade and FDI strategies “is to reach out to US or Canadian companies that have operations in Asian countries, but whose final products are consumed in the US, Mexico or Canada. The approach has been for the region to have a better balance in supply, production processes and presence in Mexico,” Ernesto Acevedo, Deputy Minister of Industry, Trade and Competitiveness at the Ministry of Economy, told Expansión.

 

Mexico also has an Economic Partnership Agreement with Japan that boosts the presence of Mexican products in the Asian agriculture industry. “There are great opportunities for Mexican agri-food products in the Asian market,” said Víctor Villalobos, Minister of Agriculture.

 

 

 Interested in more? Here are the week’s major headlines in Agribusiness and Food!

 

  • The Mexican government recently implemented a traceability system that allows finding and tracking food, enabling traceability, use or location of a product. This system “allows you to have all the historical information of a product or batch. This way, such information could be accessed in case it is deemed necessary. For example, it can happen in the event of withdrawing a batch of a defective product,” according to Beetrack.

The National Service of Agrifood Health, Safety and Quality (SENASICA), is implementing this system to ensure health and safety for consumers and business partners. The idea is to be able to be clear about the origin of the product, its transit and final destination.

  

  • The Deputy Minister of Agriculture and Rural Development, Víctor Suárez Carrera, said that the recovery of the health of the soils allows raising yields, lowering costs and above all offering healthy food. The ministry will be working so there is viability of sustainable commercial agriculture. “The results offered by production with low use of agrochemicals, or free of them, and free of glyphosate are a sign of responsibility and commitment,” said Suárez during a virtual conference dedicated to the benefits of sustainable agriculture for the country and for producers and clients.

 

 

  •  Agriculture and fishing trade balance presented a positive balance of US$345 million in the first month of the year, despite a decrease in exports against the same month of 2020. Among the products with the highest shipping volumes were onion and garlic, fresh or chilled; unroasted coffee; pork meat and natural honey. Sales abroad meant an annual growth of 9.82 percent in said period.

 

The data used in this article was sourced from:  
MBN, SADER, Beetrack, Expansión
Photo by:   Airam Dato-on, Unsplash
Sofía Hanna Sofía Hanna Junior Journalist and Industry Analyst