Mexico-Spain Business Chamber is born

The harmony between Mexicans and Spaniards is growing like wildfire. This time an important group of Aztec and Iberian businessmen have decided to join forces to form what is already the first Mexico-Spain Business Chamber after forming the Mexico-Spain Business Association (AEMEES), which will have Madrid as its headquarters.

Yesterday, Tuesday, was the presentation of an important forum called "First Mexico-Madrid Business Meeting" which brought together businessmen from both sides of the pond, eager to share experiences and encourage entrepreneurs of all sizes to do more business on both sides of the Atlantic. 

AEMEES is led by Ángela de Miguel, a businesswoman with an enormous background in the sector who also knows the ins and outs of the system and is well respected among her peers. She also has a long track record and has stood out as president of the Valladolid Entrepreneurs. 

I spoke with the director exclusively and she agreed that there is "excellent health" in business relations between Mexico and Spain, with more than 7,000 Spanish companies that have made a commitment to be in the Aztec country, but also that Mexican investment is one of the most important for the Iberian country. 

"Mexico and Spain have enormous potential for growth and we businessmen are betting on it. These synergies are very useful and allow us all to win, that is something we are looking for within the AEMEES," de Miguel confessed to me. 

To get an idea of the magnitude of the business triggered between the two sister countries: "This volume of companies has invested 72 billion euros in Mexico since 2000 to date".

But Mexico is not far behind either: if in the 1990s we were talking about the landing of Iberian capital in Mexico and Latin America, today the conquest of Mexican capital in Spain is taking place. And this is not only happening in Madrid. 

According to data provided during this business forum, there are more than 500 Mexican companies that have already invested close to 30 billion euros in Spain and generate more than 50,000 jobs. But even more capital will arrive because there is enormous Aztec interest in investing in various business areas. 

Spain continues to be the second largest investor in Mexico, with close to 80 billion euros invested since 1999 to date, and Mexico is the sixth largest investor in Spain. 

Behind this there is a lot of joy and excellent harmony. According to de Miguel, there was an enormous interest in having a space to share and do things together and to take advantage of the knowledge that both Mexican and Spanish companies have, and to be able to share it with other companies, to do projects together and to help and encourage investment.

What is undeniable is the enormous interest of Mexicans in buying and investing in Spain. To create bricks and mortar and infrastructure to create jobs, generate profits and form part of the Iberian business fabric.

The event was attended by the deputy minister of the Community of Madrid, Manuel Llamas, and the Mexican ambassador to Spain, Quirino Ordaz, who told the audience that "Mexico now offers security and very stable economic growth".

It should be clarified that the formation of the AEMEES has been the result of private initiative in the face of the vacuum created by the disappearance of ProMéxico in 2019 by decision of the Ministry of Economy, given that it was an overseas body attached to this official agency.

The AEMEES will live off the fees of its member entrepreneurs and the events that it will carry out have nothing to do with any government body and its purpose is to bring investments closer and promote them both in Spain and in Mexico.

The president of AEMEES is very enthusiastic about all the binational events that can be held to bring together the interests of investors and recalled that Madrid is one of the most competitive and attractive markets because it also serves as a kind of gateway to the rest of Europe. There is no doubt that this initiative has a great future: let us remember that the Spanish government is supporting Mexico so that the European Union (EU) can implement the new modernised free trade agreement, which could go ahead in the second half of the year, when Spain will hold the presidency of the European Council.