Nanjing Companies Seized Mexican Business Opportunities

Head of Economic Development and Communications Department of Veracruz, Mexico came to Nanjing with his delegation for trade and cultural promotion. 14 Mexican purchasers coming alone with the delegation planned to buy products of 40 kinds in 8 categories, such as new energy equipment, petrochemical equipment, textile and clothing.

Seeing the business opportunities at hand, more than 130 foreign trade companies immediately took actions and signed intentional ordering agreements of 300 billion USD.

This supply and demand fair was jointly held by China International Electronic Commerce Center and Nanjing Foreign Economic Cooperation and Trade Bureau.

Veracruz is located in east of Mexico, facing the Atlantic Ocean. There is abundant oil and natural gas. Its advantage of ports is distinctive.

The journalist finds out from the purchasing list of Mexican companies that, their needs on various new energy equipment solar energy water heaters, solar cells and wind generators have accounted for 1/3 of the purchasing total. More than 40 new energy equipment manufacturers in Jiangsu such as NARI, Postel and Nanjing Nade had discussions with purchasers from Veracruz.

A related principal of China International Electronic Commerce Center says that, Nanjing won favor of Mexican purchasers due to its centralization of new energy manufacturers.

Since a long time ago, Nanjing has focused on 3 export markets EU, ASEAN and USA, accounting for more than 70% of the total. Such an over-centralized export structure will easily bring troubles. Exploring new South America markets like Mexico will largely help to stabilized export of Nanjing. In 2009, export total from Nanjing to Mexico was about 500 million USD. Though the number is not big, it has been regarded as a highly potential market by foreign trade companies of Nanjing. (Nanjing Daily)