Mexico country brief
Mexico country brief
The partnership between Australia and Mexico is strong and growing.
Substantial investment and commercial ties across education and research, food and agribusiness, infrastructure finance, mining technology and services.
Mexico is forecast to be among the world's top 10 economies by 2030.
Australia and Mexico have a growing trade relationship. Both countries are party to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (TPP-11), which creates Australia's first free trade agreement with Mexico.
People-to-people links between Australia and Mexico are also deepening, with high numbers of Australians visiting Mexico and increasing numbers of Mexican students choosing to study in Australia.
Australia is cooperating with Mexico on our shared interests in combatting the narcotics trade through the Australian Federal Police office in Mexico.
Australia cooperates closely with Mexico in international forums, including the G20 and APEC.
Mexico is a member of multilateral forums including the G20, APEC, MIKTA, the WTO and the United Nations.
Mexico has free trade agreements with 46 countries, making it one of the world's broadest networks of free trade agreements.
Mexico's relationship with its northern neighbour and most important trading partner, the United States, has traditionally dominated its foreign policy. Mexico is increasingly focusing beyond its immediate neighbourhood, including to the Asia-Pacific.
- Mexican visitors to Australia (2017) – 10,600
- Australian visitors to Mexico (primary destination 2017)* – 21,700
- Resident Australian population born in Mexico (2016) – 4,900
- Australian residents of Mexican descent (2016) – 7,400
- Mexican students in Australia (2017) – 2,500
Agreements with Mexico
Pacific Alliance FTA (under negotiation)
Trans-Pacific Partnership (TPP-11)
MoU on Education, Research and Vocational Education and Training
Air Services Agreement
MoU on Cooperation in Agriculture
MoU on Mining
MoU on Political Consultations
MoU on Energy
Investment Promotion and Protection Agreement (IPPA)
Double Taxation Agreement
High level engagement
- September – Parliamentary delegation visited Mexico City to meet with members of Mexico's new Congress and Senate.
- July – Trade, Tourism and Investment Minister Steven Ciobo attended the Pacific Alliance Summit in Puerto Vallarta.
- July – Agriculture and Water Resources Minister David Littleproud visited Mexico to meet with current and incoming ministers.
- October – Trade, Tourism and Investment Minister Steven Ciobo visited Mexico City with a delegation of Australian business leaders.
- October – Justice Minister Michael Keenan visited Mexico City and inaugurated the Australian Federal Police office at the embassy.
- May – Minister for International Development and the Pacific Concetta Fierravanti-Wells attended the Global Platform for Disaster Risk Reduction in Mexico.
An Education Counsellor, based in Mexico City, commenced in March 2018 to leverage and promote the growing education and research relationship between Australia and Pacific Alliance countries (Mexico, Colombia, Peru, Chile).
Mexico is a Tier 1 Priority country for the Endeavour Leadership Program. Under the previous Endeavour Mobility Grants and Endeavour Scholarships and Fellowships programs, 80 Mexicans have been offered opportunities to undertake study, research and professional development in Australia and 366 Australians have been offered opportunities to undertake a study experience in Mexico.
In 2018, the Council on Australia-Latin America Relations (COALAR) provided grants to a range of institutions and practitioners to support collaborative projects between Australia and Mexico.
Through the Direct Aid Program, the Australian Government supports projects coordinated by civil society, including recovery efforts following the September 2017 series of earthquakes.
Mexico has a growing economy and is widely projected to rise to a top 10 economy by 2030.
With over 80 percent of its exports going to the United States, Mexico is keen to move away from its reliance on the United States and diversify its trade and investment relationships, including in the Asia Pacific region.
Mexico became the first country to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (TPP-11) in April 2018. The TPP-11 entered into force for all parties in December 2018.
Australia is also negotiating a free trade agreement with Mexico through the Pacific Alliance.
Mexico presents significant opportunities for Australia as the country looks to diversify its imports. Key growth sectors include resources and energy, education and research, infrastructure finance, and food and agribusiness. More than 150 Australian companies are operating in Mexico.
In recent years Australia has emerged as one of Mexico's largest sources of foreign investment, especially in the infrastructure and energy sector. This follows BHP's landmark investment in 2017 to explore the Trion oilfield in the Gulf of Mexico.
Mexico is Australia's largest merchandise trading partner in Latin America. Major Australian exports to Mexico include coal, aluminium, meat, ores and concentrates. Major Australian imports from Mexico include telecommunications equipment and parts, medical instruments, alcoholic beverages, and ores and concentrates.
See Smartraveller for information on travelling to Mexico.
Australian Embassy in Mexico
Ruben Dario 55
Mexico City 11580
Facebook: Australia en México, Centroamérica, Cuba y República Dominicana
*Mexico reports the number of Australian visitors as 72,700 year ended Sept 2018 (Secretaría de Turismo).