Congratulating him on his inauguration last week, Cho said the two countries should further expand economic cooperation, stressing that the Latin American country is South Korea's top trade and investment partner in the region.
He then asked for help in ensuring a stable supply of crude oil for South Korean companies, as Mexico is a key oil producer in the Spanish-speaking continent.
"It is deeply concerning that the prolonged conflict in the Middle East is affecting global security and economic stability," Cho was quoted as saying. He also expressed hope that peace in the region would be "restored as soon as possible."
Cho also emphasized the need to lay the groundwork to resume talks on a free trade agreement and other relevant issues, as the two ministers agreed to work together to address global challenges within multilateral frameworks such as MIKTA, a cross-regional consultative group established in September 2013, consisting of five countries: Australia, Indonesia, Mexico, South Korea, and Türkiye.
Cho and Velasco also agreed to broaden cooperation in advanced industries such as artificial intelligence and space technology.
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