Latin American Chamber of Commerce, Singapore, and Mexican Business Council for Foreign Trade, Investment and Technology (COMCE), forge stronger ties with the signing of a memorandum of understanding
Date: August 12th, 2020
Latin American Chamber of Commerce, Singapore, and Mexican Business Council for Foreign Trade, Investment and Technology (COMCE), forge stronger ties with the signing of a memorandum of understanding
SINGAPORE — The Latin American Chamber of Commerce Singapore (LatAmCham) and Mexican Business Council for Foreign Trade, Investment and Technology (COMCE) have formalized their commitment to enhance bilateral cooperation through the signing of a Memorandum of Understanding (MOU). The signing ceremony took place on August 12th, 2020, in Singapore, marking a pivotal moment in the collaboration between these two influential organizations.
Representatives from LatAmCham, led by Angela Torres H., CEO & Founder of LatAmCham, and COMCE, represented by Andrés Carral, Presidente Comite Bilateral Mexico-Singapur of COMCE, gathered at the signing ceremony to solidify the partnership.
The MOU signifies a commitment to strengthen economic and trade relations between Singapore and Mexico, with a particular focus on fostering cooperation across industries. Key components of the agreement include:
Market Access and Trade Facilitation: LatAmCham and COMCE will collaborate to identify and explore avenues for expanding market access for Mexican companies in Singapore and the broader Southeast Asian region. Efforts will be made to streamline trade processes and facilitate the exchange of relevant market information.
Business Networking and Promotion: The agreement emphasizes the importance of creating opportunities for businesses from both regions to connect and collaborate. Joint initiatives such as trade missions, business forums, and promotional events will be organized to facilitate networking and partnership-building.
Research and Development: LatAmCham and COMCE will explore collaborative efforts in research and development to enhance the quality and competitiveness of Mexican companies in the Singaporean market. This includes knowledge-sharing, technology transfer, and joint projects aimed at improving commercial practices.
The signing of the MOU between LatAmCham and COMCE represents a significant step forward in fostering economic ties and promoting collaboration between Singapore and Mexico. Both organizations are committed to leveraging this partnership to create new opportunities for businesses and contribute to the growth of the fruit industry in the Southeast Asian region.
COMCE is the Mexican private sector organization dedicated to the promotion of foreign trade, foreign investment, and technological development.
COMCE emerged in the 50's with the name of the Mexican Council of International Affairs (CEMAI); In 1999 it merged with the National Foreign Trade Council (CONACEX) to form COMCE.