Overview
- The Ebrard–Yeo Han-koo meeting, held Tuesday, ended with a deal to create a joint working group to modernize the relationship and study a formal trade-and-investment framework.
- Mexico’s Economy Ministry said there is no active negotiation for a free trade agreement at this time.
- Undersecretary Luis Rosendo Gutiérrez met Korean counterpart Hyejin Kwon and Ambassador Jooil Lee beforehand to map trade, investment and cooperation options.
- Officials frame the partnership as strategic, pointing to nearly $30 billion in yearly trade and deep ties in autos and electronics through firms like Samsung, LG, Hyundai and Kia.
- Next steps center on standing up the group to update rules and ease market access, with both governments promoting the push through official channels, including the Economy Ministry’s X account.