Mexico
Singapore and Mexico share warm, longstanding, and robust economic relations. We are connected through the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Last updated on 12 November 2026
Singapore-Mexico Economic Relations
Then-Minister of State for Energy, Trade and Industry, Alvin Tan, with Mexican President Claudia Sheinbaum and Mexican Secretary of Environment and Natural Resources, Alicia Barcena, at the signing of the MOU on Coral Reef Restoration, during Singapore’s Presidential State Visit to Mexico in December 2025.
Singapore and Mexico are connected through the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). We will also be connected through the Pacific Alliance-Singapore Free Trade Agreement (PASFTA), once Mexico ratifies the agreement and it is entered into force. The PASFTA will deepen our economic engagement and give companies greater access to each other's markets.
The recent State Visit to Mexico in November 2025, where President Tharman inaugurated the Mexico-Singapore Business Forum, has reaffirmed the warm ties and strengthened the commercial linkages between our countries, providing a strong basis to further deepen and diversify bilateral economic cooperation.
Bilateral Agreements involving Mexico
Mexico-Singapore Bilateral Investment Treaty (BIT)
The Mexico-Singapore Bilateral Investment Treaty (BIT) was signed in 2009 to promote and protect investments between the two countries.
Singapore-Mexico Avoidance of Double Taxation Agreement (DTA)
The Singapore-Mexico Avoidance of Double Taxation Agreement eliminates double taxation on cross-border income between Singapore and Mexico.
Plurilateral Agreements involving Mexico
Pacific Alliance-Singapore Free Trade Agreement (PASFTA)
The Pacific Alliance comprises of Chile, Colombia, Mexico and Peru. The PASFTA entered into force between Singapore, Chile and Peru in May 2025. It is currently pending Colombia and Mexico’s ratification.
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
The CPTPP Agreement contains commitments aimed at easing and growing trade and investment among its members. This includes eliminating tariffs on 94 to 99% of trade in goods, reducing non-tariff barriers, easing services and investment regulations, and establishing digital trade rules, among others. The CPTPP members collectively represent approximately 15% of global GDP.
International platforms involving Mexico
Asia-Pacific Economic Cooperation (APEC)
The Asia-Pacific Economic Cooperation (APEC) forum comprises 21 Asia-Pacific economies. It was established in 1989 in response to the growing interdependence among Asia-Pacific economies and the advent of regional trade blocs in other parts of the world. Its primary purpose is to promote economic growth and prosperity in the Asia-Pacific region. Singapore was a founding member alongside 11 other economies.