Greater Bay Area and Latin America Trade and Investment Consulting Center

During the visit of Ms. Li Jun, Vice Mayor of Dongguan, the Greater Bay Area and Latin America Trade and Investment Consulting Center was officially inaugurated. The center will provide a platform for business exchange and technology transfer between the two countries through the Greater Bay Area Latin America Trade and Investment Consulting Company, which represents Mexico.

The center is part of a network of centers established by the China Center for Latin American and Caribbean Technology Transfer (CCLAT), a national-level cross-border technology transfer institution established by the Ministry of Science and Technology of the People’s Republic of China in 2022 and officially launched in Dongguan City on June 28, 2023.

The center will serve entrepreneurs and research centers interested in identifying and implementing technology transfer, scientific research, training, and cooperation projects, aiming to develop mutually beneficial opportunities and contribute to a shared future for China and Latin America.

Former Mexican Ambassador to China, José Bernal, stated that the launch of the center’s activities is a particularly important step in the strategic partnership between Mexico and the People’s Republic of China.

“This new institution will undoubtedly enhance Mexico’s understanding of the tremendous development potential of the Guangdong-Hong Kong-Macao Greater Bay Area. The Greater Bay Area has many connections with Mexico, and a direct flight route recently opened between Shenzhen and Mexico City.”

Li Jun, Vice Mayor of Dongguan, stated that they came to Mexico City with great enthusiasm, opening a new chapter in cooperation between the two countries.

In 2023, trade between China and Mexico reached US$154 billion, making Mexico the second-largest trading partner in Asia.

“Many Chinese companies have provided support to Mexico in areas such as efficient and sustainable transportation and the automotive industry, renewable energy, and various projects, strengthening economic ties between the two countries. Both Mexico City and Dongguan have broad economic prospects, and today we are consolidating our partnership,” said Li Jun.

Based on the Belt and Road Initiative and the strategic plan of the Guangdong-Hong Kong-Macao Greater Bay Area International Technology Innovation Center, the center’s mission is to serve as a platform for cooperation and technology transfer between China and Latin American countries in areas such as agricultural technology, biodiversity conservation, clean energy, and academic exchange.

Susana Muñoz, Managing Partner of GBA LatAm, emphasized that trade between Mexico and China has always been the foundation of bilateral relations, initially involving the exchange of metals and foreign goods, and in recent decades, the exchange of raw materials, agricultural products, and capital goods.

“In 2013, the presidents of both countries recognized the importance of this relationship and decided to elevate it to the level of a comprehensive strategic partnership, thus opening a new phase of cooperation. Latin America is a hub for foreign investment, and we believe it is time to elevate the level of Mexico-China relations, focusing on the exchange of technology, science, and highly skilled human resources, thereby enhancing the competitiveness of both regions and achieving more inclusive development.”

Furthermore, she stated that for many years, China has been a benchmark in industries such as technological development, renewable energy, electric vehicles, artificial intelligence, semiconductors, and mining, all of which are essential if Mexico wants to maintain its leading position as an advanced manufacturing center.

“China increasingly needs foreign products and collaborative projects to enable its businesses to access markets with growth potential. GBA LatAm plays a vital role in this. We are a consulting firm specializing in the Greater Bay Area, with over 20 years of experience in facilitating trade and investment projects between Mexico and China in the public and private sectors, manufacturing, logistics, and Mexican projects in China (such as fintech, biotechnology, creative industries, e-commerce, and training).”

The Greater Bay Area and Latin America Trade and Investment Consulting Center established in Mexico will serve entrepreneurs and research centers interested in identifying and implementing technology transfer, research, training, and collaborative projects, aiming to develop mutually beneficial opportunities and contribute to building a shared future for the China-Latin America community.