Russia becomes main trade partner for Mexico in Europe

Russia became a main trade partner for Mexico in Europe over the recent years, Mexican Economy Secretary Bruno Ferrari said. “Mexican export to Russia in 2011 increased by 45 percent, which is twice as higher comparing to an average trade growth with other Mexican trade partners,” Ferrari said at a session of the Russian and Mexican intergovernmental commission in Mexico. He added that an average growth in trade between Russia and Mexico over the past 10 years totaled 17.2 percent annually. According to the Mexican Foreign Ministry, the trade between Russia and Mexico in 2010 totaled $1.1 billion, which is a 115 percent increase against 2009.