Vietnam’s exports to Mexico continue to grow, with the value in 2012 expected to surpass US$1 billion.

According to Vietnam’s embassy in Mexico, in the first 10 months of this year, Vietnam’s exports to the 117-million-people market brought home over $985 million - the majority of the $1.057 billion of two-way trade.  

Vietnamese workers are handling shoes in this photo illustration.

In the reviewed period, Vietnam’s four main exports to the Latin American country included footwear, seafood, coffee, and garment and textiles.

However, the embassy’s Commercial Counsellor Hoang Tuan Viet expressed concern for the challenges that will follow the signing of the Trans-Pacific Partnership (TPP) Agreement, which Vietnam and Mexico are parties in the negotiations.

Vietnamese goods will face stiff competition against the host country’s dominant items, including garment and textiles, pork, beef, poultry and fruit, Viet said.

Australia, Brunei, Chile, the US, Malaysia, New Zealand, Peru, Singapore and Canada are the other nine countries taking part in TPP Agreement negotiations.

TTO