On July 11, 2008, Mexican President Felipe Calderon met with Chinese President Hu Jintao and signed the Mexico-China Investment Promotion and Protection Agreement (IPPA). The IPPA seeks to provide national treatment and MFN treatment to investors from either territory for investments into the territory of the other and ultimately aims to boost bilateral economic ties and trade flows. Mexico is very keen to tap further China’s huge market, with the IPPA as the first step towards that goal. Mexico’s investment in China has been concentrated mainly in warehousing, real estate and metallurgy. Following the IPPA’s entry into force, both countries are likely to increase bilateral investments.