Iran, Mexico, and Economic Potentials Yet Untapped

Along with Brazil, Mexico is one of the Latin American great powers. Mexico’s population and per capita income are higher than Brazil of course, but both countries are undoubtedly regional economic giants. Mexico has an annual turnover of around 800 billion dollars, and Iran’s economic cooperation with this country would be lucrative. Unfortunately, Tehran has overlooked that potential during recent years, but I would hope that the new ambassador to Mexico City appreciates the economic opportunities and embarks on upgrading bilateral ties. Iran and Mexico could be profitable markets for each other. Besides, the two countries have cultural affinities, and Mexicans look at Iran with respect. I have no doubt that expanding mutual ties will benefit both sides.

Are Iran and Mexico cognizant of these economic potentials?

Up until four years ago, Tehran and Mexico City enjoyed extensive economic ties, but trade exchanges have slowed down since then. New parties coming into power in both countries, and Iran’s focus on other Latin American countries like Venezuela –which is not on particularly good terms with Mexico because of left-right political frictions- have demoted Mexico’s position in the eyes of Iranians.

Mexico is a non-permanent UN Security Council member. Does Mottaki have any plans to find for Iran another supporter in the council?

As a UN and IAEA member, Mexico used to cast votes in favor of Iran, or abstain, in the past. Things are different now, although I hope Mexico retains its impartiality. But let’s not forget that last week Mexico’s President Felipe Calderon was warmly welcomed by President Barack Obama on his visit to the United States (and was given a rare state dinner at the White House). Washington has voiced support for Calderon’s fight against drug cartels. Mottaki’s meeting with Foreign Minister Espinosa may fall under the shadow of Calderon’s recent visit to the U.S.