Industrial cooperation and communication between Chinese and Mexican companies should be promoted to boost trade and reduce trade friction, the Ministry of Commerce said on Tuesday.

"China and Mexico have similar industrial advantages, and the trade complementarity is not strong enough, so we should find a good way to further increase trade between the two countries," the ministry's department of American and Oceanian Affairs said.

Mexico is China's second-largest trading partner in Latin America, the second-biggest exports market and the fourth-largest source of imports in the region. In 2012, trade between China and Mexico was $36.7 billion.