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Mexico–Sweden relations refers to the diplomatic relations between Mexico and Sweden. Both nations are members of the Organisation for Economic Co-operation and Development and the United Nations.
Contents
History
Diplomatic relations between the two nations were established in 1850. On 29 July 1885, the Treaty of Friendship, Commerce and Navigation was signed between the two nations. In 1956, the Swedish embassy in Mexico City opened.
In 1982, Swedish King Carl Gustaf and Queen Silvia paid an official visit to Mexico. The monarchs would later pay a state visit to Mexico in 2002. There have also been several high levels visits by Mexican presidents and Swedish prime ministers to each other's countries respectively.
In 1982, Alfonso García Robles of Mexico and Alva Myrdal of Sweden received a Nobel Peace Prize "[for] their magnificent work in the disarmament negotiations of the United Nations, where they have both played crucial roles and won international recognition".
State visits
Presidential visits from Mexico to Sweden
Royal and Prime Ministerial visits from Sweden to Mexico
Trade
In 1997, Mexico signed a Free Trade Agreement with the European Union (which includes Sweden). Since then, trade between the two nations have increased dramatically. In 2015, trade between Mexico and Sweden totaled $1.1 billion (USD). Sweden is Mexico's 31st biggest trading partner globally. Among the products that Mexico exports to Sweden are: manufactured goods and alcohol. Swedish exports to Mexico are also mainly manufactured products, automobiles and pharmaceuticals. There are over 200 Swedish companies operating in Mexico today, among them are: Ericsson, Volvo and AstraZeneca, among others. Between 1999 and 2008, Swedish companies have invested over $800 million USD into the Mexican economy making Sweden the ninth biggest foreign direct investor in Mexico, hailing from the European Union.