By THÉRÈSE MARGOLIS
New Zealand Ambassador to Mexico Mark Sinclair hosted a reception at his Colonia Polanco residence on Tuesday, Feb. 6, to commemorate the 178th anniversary of the signing of the Treaty of Waitangi, which led to the creation of that island nation
The treaty is considered New Zealand’s founding document, and it outlined the association agreement between New Zealand’s indigenous Maori and the representatives of the British crown to establish a nation.
Mexico and Wellington first established diplomatic relations in 1973 and have since developed greater cooperation in all fields, including commercial, academic and political interchange.
Today, Mexico is New Zealand’s largest trade partner in Latin America, with a combined binational commercial exchange of nearly $500 million annually.
New Zealand’s exports to Mexico include dairy products (mostly powdered milk), meat and agricultural machinery, and Mexican exports to New Zealand are primarily value-added manufactured goods.
According to official government sources, there are currently at least 20 New Zealand firms with capital holdings in Mexico, although their accumulated worth is nominal.
But while the prospects of future joint-venture investment projects are limited, Mexico and New Zealand do cooperate economically within the context of multilateral organizations such as the Asia Pacific Economic Cooperation (APEC) forum and the World Trade Organization.
They also share similar views on international issues such as environmental conservation, disarmament, nuclear nonproliferation and global security.