Japan and Mexico agree to enhance energy cooperation
Leaders of Japan and Mexico agreed to enhance energy cooperation on Tuesday. They discussed trade and economic security as the Iran war disrupts global supplies.
Japan and Mexico have agreed to enhance their cooperation on energy as the war in Iran continues to disrupt global oil and gas supplies. During a telephone conversation on Tuesday, Prime Minister Sanae Takaichi and President Claudia Sheinbaum discussed the importance of strengthening bilateral relations in the face of international supply chain challenges.
The conflict has led to increased volatility in the global markets for Brent Crude Oil, West Texas Oil, and Natural Gas. Prime Minister Takaichi proposed establishing a dialogue framework focused on economic security to better manage these risks, noting Mexico's significant mineral resources.
In addition to energy security, the Japanese premier requested Mexico's cooperation in creating a favorable environment for Japanese companies operating within its borders. The two leaders agreed to bolster trade relations and investment opportunities. President Sheinbaum described the call as very productive in a subsequent statement.
We discussed the importance of strengthening relations between the two countries in the areas of investment, trade and cooperation.
