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Economy & Business - February 2020

Economic Highlights

Agricultural exports to China: On 23 January Mexico’s agriculture minister Víctor Villalobos said that the Mexican government hopes to increase Mexico's agricultural exports to China after signing new export protocols and successfully completing the first exports of plantains to the Asian country. Villalobos said that a first shipment of 39 tonnes of plantains left the Mexican port of Manzanillo bound for China this week following the signing of a bilateral export protocol back in May 2019. Villalobos added that Mexico and China signed a protocol for the export of balckberries in December 2019 and there are plans to sign another for the export of sorghum in February. Meanwhile Villalobos said that he has also held discussions with Chinese officials regarding the possibility of exporting beef, pork, and chicken meat. Mexico’s agricultural exports to China reached US$34.6bn in the first 11 months of 2019, an 8.61% year-on-year increase. Villalobos said that the export of plantains alone would increase agricultural exports by US$280m a year.    

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