The Mexico-Japan Strategic Partnership Agreement.
Dynamics, challenges and perspectives.
DOI:
https://doi.org/10.53897/RevPortes.2024.03.04Keywords:
Mexico, Japan, Strategic Partnerships, foreign investments and tradeAbstract
In 2005, Mexico and Japan signed an Economic Partnership Agreement. The treaty is aimed to improve the economic relations between both nations and take advantage of market opportunities and bilateral cooperation. As a consequense, economic activities have grown more particularly in trade and investments from Japan. Analyzing the performance between both countries, Japan is more favored because of the comparative and absolute advantages of its producers.It is the same case for investments in Mexico. On the contrary, Mexico has also been benefited by promoting exports in the Japanese market, as a provider only in some sectors. According to the nature of the treaty, the of economic complementarity is met when producers participate in both economies and fulfill the requirements for production and commercialization. As the time goes by, the unequal relation remains in favor of the Eastern country. Through an analysis of results here is examined the commercial and economic perfomance between both nations and it is shown how the situation impacts in the expectations for the future.
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