Mexican firms should make long-term plans for exploiting the Chinese market, said consultants attending a Mexico-China trade seminar on Tuesday.

"China is the economy of the future," said Teresa Cantu, director of the Mexican firm New Asian Markets at the second session of the seminar: "How to do Business in China."

Mexican firms tend to resist long-term plans, but they should think in terms of 10 to 50 years if they really want to make the most of the Chinese market, Cantu said.

She also urged Mexican firms to boost competitiveness in the face of the drop of prices for Chinese products like car parts.

InterChina Consulting Vice-President Laura Tsui suggested that China and Mexico work out an immigration accord to promote economic exchanges.

Many Chinese tourists and businessmen have been mistreated by immigration officials when arriving in Mexico, said Tsui, adding it will result in discouraging Chinese travelers from seeking new visas.

Hector Reyes, head of Mexico's export credit bank Bancomext, also urged the two governments to "root out" the problem.

Bancomext and China's Trade Development Bureau will formally sign a trade and investment deal on Wednesday, he said.

The Mexico-China trade seminar, which kicked off in Mexico City on Monday, will move to Guadelajara, the second largest city in Mexico on Wednesday, and then to the central Mexican city of Puebla on Thursday. It will return to Mexico City for its concluding session on Friday.

Source: Xinhua