Mexican SMEs to benefit from govt agreement with Alibaba

11 Sep '17
2 min read
Courtesy: Alibaba
Courtesy: Alibaba

China’s Alibaba Group and the Mexican Government recently signed an agreement to bring the company’s e-commerce, digital payments and logistics expertise to small- and mid-sized enterprises (SMEs) in the Latin American nation. This will allow the firms to learn Alibaba’s best practices in operations and expand into international markets, notably China.

Alibaba Group president Mike Evans and undersecretary of industry and commerce of the Mexican ministry of economy José Rogelio Garza signed the agreement on September 6 in Hangzhou, according to a press release from the company. Company executive chairman Jack Ma and Mexican President Enrique Peña Nieto were present at signing ceremony.

Alibaba will create a special program for Mexico, share best practices in the operation of its logistics and payment platforms provide, and offer analytics training for consumer insight and product innovation.

The goal of such agreements, according to the company, is to provide SMEs in developing countries with the skills necessary to benefit from cross-border trade. This is the third agreement that Alibaba signed with a Latin American nation after Argentina and Brazil.

China is Mexico’s second-largest trading partner and Mexico is China’s second-largest trading partner in the Americas. Mexican agricultural products, packaged food and tourism packages are sold on Alibaba’s e-commerce platforms. (DS)

Fibre2Fashion News Desk – India

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