MOSCOW (Sputnik) — According to the Russian Federal Service, the trade turnover between Russia and Mexico stood at $1.7 billion in 2016, growing by 8 percent as compared to 2015. In the first quarter of 2017, this figure jumped to $480 million, which is roughly a 28-percent increase year-on-year.
"The trade intensity [between Russia and Mexico], as well as investment, is low. Here, we see great opportunities to expand our trade turnover. Mexico is implementing structural reforms, which are to spark serious, positive changes in economy, in such fields as education, competitive ability, energy and communications. There are good opportunities for Russian investment in Mexico. Mexican investors are also interested in entering the Russian market and investing in Russia," the ambassador said.
She also added that both Mexico and Russia have great prospects of enhancing bilateral economic relations.
"Our countries have numerous opportunities no one has yet used. Mexico and Russia are two large countries with strong economies, and there is a great potential for enhancing our relations," the diplomat said.