MercoPress. South Atlantic News Agency

Mexico and OECD discussing relations with the Pacific Alliance

Gurría will be opening on Tuesday an international conference on development next to Mexican president Peña Nieto

Mexico's Economy Secretary Ildefonso Guajardo Villarreal and the chairman of the Organization for Economic Cooperation and Development, OECD, José Ángel Gurría Treviño have met to address relations between OECD and the Pacific Alliance, and global value chains.

 The meeting comes ahead of the OECD sponsored international conference on development cooperation. “Global Partnership” alongside Mexican president Enrique Peña Nieto and UN Secretary General Ban-Ki-moon

The Economy Secretary reported in his twitter that in 2013, trade between Mexico and the 24 members of OECD reached 613.7 billion dollars. Among the main Mexican exports is oil, automobiles, auto-parts and computers.

Mexico belongs to OECD since 1994. Chile is also a member of the multilateral organizations, but since 2010.

The other full members of the Pacific Alliance Colombia and Peru have requested to become members of OECD.

The twitted message also points out that between January 1999 and September 2013, foreign direct investment in Mexico from OECD members totaled 336.2bn dollars.

The four-country Alliance started in 2011 is the fastest growing economic space in Latin America, and has two new members in the process of incorporation, Costa Rica and Panama. The main trading nations of the world, China, US, Germany, UK, France, South Korea, Singapore among others have observer status as well a Mercosur members Uruguay and Paraguay.