The Mexico-Nantong Economic and Trade Conference was held in Nantong, East China's Jiangsu province, on Nov 11.
At the conference, the Nantong branch of the China Council for the Promotion of International Trade (NTCCPIT) signed a cooperation memorandum with the China Chamber of Commerce and Technology in Mexico to promote bilateral trade and investment.
Mexico has been an important trade partner for Nantong for many years, importing textile products and raw materials for textiles, machinery, and chemical products from the city and exporting plastic and rubber products, electric machines and parts, and fruit.
Representatives from the Nantong branch of the China Council for the Promotion of International Trade and the China Chamber of Commerce and Technology in Mexico sign a cooperation memorandum to promote bilateral trade and investment on Nov 11. [Photo/ntfabu.com]
The value of trade between the two sides has grown significantly since the beginning of this year.
From January to September, trade between Nantong and Mexico was valued at 1.99 billion yuan ($285 million), a rise of 41.77 percent year on year. Of this, exports from Nantong accounted for 1.81 billion yuan, a 35.82 percent increase, while imports accounted for 182 million yuan, a 151.22 percent increase.
Officials said the city's commerce bureau and the NTCCPIT plan to strengthen the city's partnership with Mexico by sending business representatives to the China (Mexico) Trade Expo and inviting Mexican companies to visit Nantong and start businesses in the city.
