Switzerland and Mexico Deepen Strategic Economic Partnership as Bilateral Ties Reach New Milestone

Switzerland and Mexico are reinforcing their economic partnership through renewed political dialogue, growing investment flows and a shared commitment to innovation, sustainability and international cooperation.

The latest Joint Economic Consultation between the Swiss State Secretariat for Economic Affairs and Mexico’s Ministry of Economy highlighted the importance both countries place on expanding bilateral trade and investment at a time of growing uncertainty in the global economy.

Officials from both sides discussed opportunities to deepen cooperation in strategic sectors, including technology, science, innovation, sustainable development and support for business growth. The meeting also provided a platform to exchange views on global economic challenges, competitiveness and public policy priorities.

The consultations come as Switzerland and Mexico celebrate 80 years of diplomatic relations, a milestone that reflects the evolution of a partnership that has become one of the strongest links between Europe and Latin America.

Today, Mexico stands as Switzerland’s most important economic partner in Latin America. More than 600 Swiss companies operate in the country, generating approximately 60,000 direct jobs and contributing to a bilateral investment relationship valued at more than CHF 5 billion, equivalent to approximately €5.3 billion.

The scale of Swiss corporate presence highlights Mexico’s growing relevance as a manufacturing, logistics and innovation hub connected to both North American and global markets.

Swiss Ambassador to Mexico Pietro Piffaretti emphasized the strategic nature of the relationship and announced an upcoming official visit by Swiss Confederation President Guy Parmelin, who is expected to travel to Mexico accompanied by a high-level business delegation.

The visit is expected to open new opportunities for commercial cooperation, investment promotion and business partnerships between companies from both countries.

Beyond economic ties, Switzerland and Mexico maintain a unique diplomatic relationship based on mutual trust and cooperation. One of the most notable examples is their reciprocal role as protecting powers. Switzerland represents Mexican interests in Ecuador, while Mexico performs a similar function for Switzerland in specific diplomatic contexts.

Mexican Deputy Foreign Minister María Teresa Mercado highlighted Switzerland’s longstanding commitment to diplomacy, multilateralism and international dialogue, describing those values as increasingly important in a world facing geopolitical tensions, economic fragmentation and complex global challenges.

Both governments also reiterated their support for the modernization of the Free Trade Agreement between Mexico and the European Free Trade Association (EFTA), which includes Switzerland, Norway, Iceland and Liechtenstein.

The updated agreement is expected to address new economic realities while creating additional opportunities for trade, investment and technical cooperation. Areas under discussion include innovation, sustainability, digital transformation and support for small and medium-sized enterprises.

For Europe, Mexico continues to emerge as one of the most attractive destinations for investment in Latin America, benefiting from its industrial base, skilled workforce and strategic geographic position. For Mexico, Switzerland represents a key source of capital, technology, innovation and expertise.

As global supply chains continue to evolve and companies seek greater resilience and diversification, the relationship between Switzerland and Mexico is increasingly becoming a model of long-term economic cooperation built on trust, openness and shared growth objectives.

The renewed dialogue between both countries sends a clear signal that Europe and Latin America remain committed to strengthening partnerships capable of generating investment, innovation and sustainable development in an increasingly interconnected world.