The Lord Mayor of the City of London, Alderman Alan Yarrow, led a British delegation to Mexico from the 19th to the 22nd of July, with the first two days in the capital and the second two in Monterrey, second richest town in Mexico and also known as Mexico’s Industrial Capital.
In Mexico City, the Lord Mayor met with senior government and business contacts, in an impressively tight agenda.
At an event on the 20th, the Lord Mayor met with many of the business community, at an event co-hosted by the British Chamber of Commerce, COMCE (Mexican Business Council for Trade, Investment, and Technology), UKTI Mexico and the Club de Industriales.
José Carral, president of the Club de Industriales, hosted the event, welcoming the Lord Mayor of the City of London, Alderman Alan Yarrow, and his wife, to the event and to Mexico.
Emilio Díaz, managing partner of EY Mexico and Board member of the Chamber, briefly presented the Chamber and the British Business Centre, and explained how they look to support businesses in their bilateral efforts.
Antonio Mayer then gave an overview of COMCE and in particular COMCE’s British-Mexican Committee, which he heads. He also reminded participants that 2015 is the Magna Carta’s 800th anniversary, describing the crucial role it has played in the development of human rights, democracy and liberty. Alderman Alan Yarrow added that the Lord Mayor of the time was involved in promoting the Magna Carta and ensuring it was signed by King John.
The Lord Mayor thanked the organisers and Mexico in general for the warm welcome he received. The fact that so many high level visits are taking place between the two countries is a sure sign of the strong diplomatic and commercial relation Mexico and the UK enjoy.
Initiatives such as the 2015 Dual Year (the year of Mexico in the UK and of the UK in Mexico) have helped increase focus on bilateral relations and given more weight to trade and cultural projects.
Mexico and the UK have much to offer each other, and much to learn together. Alderman Alan Yarrow gave the example of public private partnerships, in which the UK is a leading country, which may be applied successfully to Mexico’s many ambitious infrastructure projects.
He also described all that the City of London has to offer Mexican companies: top-level financial services, excellent institutions and improved regulations (in particular since the 2008 crisis). Several Mexican companies, such as Fresnillo, have realised this, and are now listed on the London Stock Exchange. “We want to see more Mexican companies in the UK. Follow Fresnillo!” He highlighted another potential area for fruitful collaboration as the pensions sector, which the UK already has substantial experience with, and which is an increasingly important sector for Mexico in the next few decades.
When the event ended, the Lord Mayor visited José Antonio Meade Kuribreña, the Secretary of Foreign Affairs, and was awarded the Order of the Aztec Eagle for his efforts towards the bilateral relation.