By THE PULSE NEWS MEXICO STAFF
A cooperation agreement was signed in Mexico City on Thursday, Feb. 22, between the Economic Development and Culture Division of the City of Toronto and the Economic Development Secretariat of Mexico City.
This bilateral memorandum of understanding sets out the intention of both parties to collaborate in trade, environment, life sciences, information technology, culture, tourism, and education, and to encourage trade and investment exchanges between both jurisdictions.
The agreement was signed by the general manager of the Economic Development and Culture Division of the City of Toronto, Michael H. Williams; Michael Thompson, chair of the Toronto Economic Development Committee; and Mexico City’s Secretary of Economic Development, José Francisco Caballero García.
In 2016, Toronto, in collaboration with the local consulates of Argentina, Brazil, Chile, Colombia, Ecuador, El Salvador, Mexico, Panama, Peru, Uruguay and Venezuela, established a Latin American Bilateral Trade Initiative (LABTI to promote commercial relations between that city and the Latin American business community that lives there, fostering collaboration and joint initiatives.
In 2016, Toronto was selected as the host of the International Competitiveness Exchange Program of the Americas, co-organized by the Organization of American States (OAS).
That same year, in Monterrey, Toronto signed a memorandum of understanding with the northeast chapter of the Mexican Business Council for Foreign Trade (COMCE).