Denmark eyeing huge export potential in Mexico

President Enrique Pena Nieto visiting Denmark this week

According to a new report from the Foreign Ministry, there is potential for Danish exports to Mexico to be increased by 1 billion kroner over the next few years.

The foreign minister, Kristian Jensen, said that Mexico was an “exciting nation” that could benefit greatly from Danish competencies.

“That, for instance, goes for energy, health and environmental solutions,” said Jensen. “The report highlights the good development in trade between Denmark and Mexico over recent years and underlines the potential to lifting exports with 1 billion kroner looking ahead to 2020.”

READ MORE: Resource-rich and reformed: Mexico on threshold of commercial golden era

Nieto in town
Jensen will be looking to further solidify the bond between the two nations when Mexico’s president, Enrique Pena Nieto, visits Denmark today and tomorrow. A total of seven co-operation agreements are expected to be signed during Nieto’s visit.

Mexico has a population of over 120 million people, a growing middle class and an open free-trade based economy that is growing and in close proximity to the USA and the rest of Latin America.

Measured in economy, Mexico is the second largest nation in Latin America and was Denmark’s 28th largest export market in 2015. Danish exports to Mexico last year totalled 3.5 billion kroner – a 51 percent increase compared to 2011.