Ever since the establishment of bilateral relations between Nepal and Mexico on 25 November 1975, the relations between the two countries remain cordial and friendly. Nepali Ambassador to United States is concurrently accredited to Mexico. Likewise, Mexican Ambassador resident in New Delhi is accredited to Nepal. Over four-decade long relations between the two countries are marked by trust, understanding and cooperation at bilateral and multilateral fronts.
Mexico extended support and goodwill in the aftermath of the 2015 earthquakes, including in the reconstruction efforts that followed.
Nepal and Mexico hold common positions on many international issues, such as climate change and disaster risk reduction. Having faith in multilateralism, both the countries have been working together in the UN and other international forums.
Exchange of visits
Mr. Hari Bahadur Basnet, the then Minister for Industry, Commerce and Supply visited Mexico in 2003 to participate in the WTO conference.
The volume of trade between Nepal and Mexico is moderate. Nepal exports carpets, garments, articles of leather, work of art and antiques, etc. to Mexico. Similarly, Nepal imports beverages, chemicals, communication equipment, machinery, medical equipment etc.. The following are the trade figures for the last few years.
As of July 2019, there are 6 projects under Mexican investment in operation with an investment of Rs. 51.13 million which has created 138 jobs in Nepal.
Given the potentials, there is a need for and the desire of Nepal to further broaden the bilateral ties in the areas of trade, investment, tourism and culture for the benefit of peoples of both the countries. Investment in tourism and hydroelectricity might be the potential and prominent sectors for immediate return for both countries.