Chancellor Merkel and Mexico’s president Nieto were in agreement this evening: Progress and prosperity are only possible with open markets. The opening ceremony was marked with an international free trade agreement between Mexico and the EU that was agreed on Saturday. In the future, these countries want to trade 99 percent of their goods duty free.
Mexico is this year’s partner country of the trade fair. This is no coincidence. Mexico currently plays a central role in the German automobile industry. More than 160 Mexican companies are presenting their products and are competing for innovation partnerships at the exhibition.
A Signal against Protectionism
Chancellor Merkel said in her address that HANNOVER MESSE embodies an upswing and sets standards. She went on to explain that it is the place where the big names in the technology industry come together. With regards to Mexico, Merkel emphasized the two nations shared values. She also expressed that both countries support globalization driven by global free trade. The bilateral trade volume has increased by 25 percent in the last year.
Merkel views the digitization of industry optimistically and believes Germany will master any challenges through connectivity and automation just as successfully as in the previous industrial revolutions. She also elaborated that despite the record numbers in the German job market and the innovation power of small and medium-sized industrial businesses, the German government will invest more heavily in research and development in the coming years. A greater focus is being placed on artificial intelligence to keep up with strong competitors, such as the USA and China.