KUALA LUMPUR: Mexico and Malaysia have great potential for significant cooperation in various technological areas, thanks to their growing innovation ecosystems and strategic geographical positions, said the Ambassador of Mexico to Malaysia, Luis Javier Campuzano.

He said among the technological areas include smart factories, robotics production, semiconductors, electronics, renewable energy, green technology, agrotech, biotechnology, healthcare, aerospace, artificial intelligence, machine learning as well as cybersecurity.

"The future of technological cooperation between Mexico and Malaysia is promising across multiple sectors. Leveraging their respective strengths, the two countries could deepen their ties through innovation and technology-driven solutions," he said in his remarks during the celebration of 50 years diplomatic relations of Mexico and Malaysia 1974-2024 held here recently.

According to Campuzano, despite being geographically distant, Mexico and Malaysia's bilateral trade has flourished, creating opportunities for businesses and entrepreneurs in both countries.

Malaysia has been ranked among the top ten trading partners of Mexico for the last couple of years, with bilateral trade peaking at US$15 billion in 2022, he said.

On the golden anniversary, he said Mexico looks forward to deepening its partnership with Malaysia, to strengthen people-to-people ties, creating opportunities for businesses, students, and professionals and exploring new areas of collaboration that will benefit both nations.

Meanwhile Malaysia's Foreign Ministry Undersecretary of Americas Division, Datuk Yubazlan Yusof who represented the government in the event said Malaysia and Mexico ties are rooted in shared values, mutual respect and deep commitment to advance partnership in wide array of fields.

"Over the past five decades our countries have built robust framework of cooperation from strengthening economic ties, fostering cultural exchanges and championing shared goals at the global stage.

"Mexico has been top Malaysia's trading partner in Latin America for the past two consecutive years," he added.

According to Yubazlan, the Malaysia and Mexico collaboration flourished through the membership of Trans-Pacific Partnership, as well as people-to-people ties, education, arts and gastronomy.

This golden jubilee is not a celebration of past achievement but a platform for dynamic future with new opportunities based on the success of our past which will build stronger foundation for the future and aspire greater heights, he said.

The bilateral relations between Malaysia and Mexico were established on March 27, 1974. Since then, exchanges in various bilateral and multilateral areas have demonstrated increasing cooperation between the two countries.

The Embassy of Malaysia in Mexico was established in 1992.