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Alibaba signs third government MoU in Latin America

HANGZHOU, China: September 06, 2017. The Alibaba Group has signed an MoU with Mexico to provide the country's SMEs with global e-commerce, digital payments and logistics services.

Mexico Alibaba MoUAlibaba said it would share best practices in the operation of its logistics and payment platforms to improve cross-border e-commerce operations and also provide training in consumer analytics and product innovation.

(Pictured left to right: Mexico's undersecretary of Industry and Commerce José Rogelio Garza; Mexico president Enrique Peña Nieto; Alibaba Group executive chairman Jack Ma; and Alibaba president Mike Evans.)

"Alibaba is one of the world´s largest technology companies with a sophisticated e-commerce ecosystem and a remarkable reach of more than 500 million active annual consumers globally," Nieto said in a statement. "By partnering with Alibaba, we can expand Mexico's export options in China and Asia more broadly, while enhancing Mexican SMEs' knowledge of e-commerce and cross-border trade."

In March this year Alibaba signed a similar MoU with Malaysia to encourage a more inclusive global economy; in May it did the same with Argentina to expand food and wine exports to China; and in 2014 with Brazil and its national postal service Correios.

"Alibaba is committed to inspiring, motivating and enabling SMEs from around the world to grow and thrive through e-commerce and the use of technology," Ma said. "We are delighted to help promote cross-border trade with Mexico through this MOU. We view our cooperation as a way to energize economic development in both countries."

China is Mexico's second-largest trading partner globally, and Mexico is China's second-largest trading partner in the Americas. Mexican exports from agricultural products to packaged food and tourism packages are already sold on Alibaba's e-commerce platforms.

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