Japan and Mexico agree to strengthen energy cooperation due to the crisis in the Middle East
In response to the crises resulting from the confrontation between the United States, Israel, and Iran. Its effect on gasoline prices, the foreign ministers of Mexico and Japan decided on Tuesday to deepen their economic and energy cooperation.
After speaking over the phone, Toshimitsu Motegi and Roberto Velasco «reaffirmed their commitment to boosting cooperation in the energy sector given. The current situation in the Middle East and to strengthening high-level bilateral dialogue,» according to the Japanese Foreign Ministry.
Additionally, the officials decided to create a framework for discussing economic security «as soon as possible.»
The call lasted approximately 20 minutes and took place at 9:00 a.m. Japan time (00:00 GMT; 6:00 p.m. Monday, Mexico time), according to the ministry.
During the conversation, the Japanese minister expressed his hope of taking the relationship with Mexico to «new heights» and asked his counterpart to ensure a «favorable environment» for Japanese companies operating in Mexico.
Strait of Hormuz
Japan, which imports over 90% of its crude oil from the Middle East, has increased its attempts to locate alternate energy supplies since the start of the conflict in order to deal with any supply interruptions brought on by the closure of the Strait of Hormuz.
