Japanese Prime Minister Sanae Takaichi and Mexican President Claudia Sheinbaum agreed to promote bilateral cooperation on energy, given concerns about resource supplies due to the situation in the Middle East.
Takaichi also proposed establishing a framework for dialogue with Mexico that includes economic security, with the aim of elevating cooperation between the two countries to “a new level,” according to a statement from the Japanese Foreign Ministry following a call between the two leaders.
The Japanese head of government also asked Sheinbaum to “create a favorable environment” for Japanese companies operating in Mexico, while Sheinbaum expressed her commitment to working to strengthen economic and trade relations between the two countries.
The Japanese government has mentioned in recent weeks that it is exploring alternative routes to the Strait of Hormuz, which is blocked by the US-Israeli trade war against Iran, since Tokyo imports 90% of its oil from the Middle East and most cargo ships use the strategic waterway to transport it.
In this sense, Mexico is a relevant player in the global oil industry, ranking among the 15 largest producers.
Source: lopezdoriga
