Mexico is open to cooperation with the BRICS countries, which comprise Brazil, Russia, India, China and South Africa, the president of the Mexican industrial business chamber Canacintra said on Tuesday.

The potential to work with other regional blocs has taken on even greater relevance for Mexico today, as it seeks to diversify its trade alliances and export markets, said Canacintra chief Enrique Guillen.

"We are not closed to collaborating with other blocs, least of all now that modernizing has become a priority for our country," Guillen said in a statement.

Mexico would do well to forge closer ties with BRICS, as it seeks to bolster its presence within the G20 group of leading economies and the Organization for Economic Cooperation and Development (OECD), said Guillen.

BRICS is considering expanding the bloc to include other economies, such as Mexico, South Korea and Indonesia, among others. An initiative, dubbed "BRICS Plus," will be discussed at the group's ninth summit to be held on Sept. 3-5 in Xiamen, China.

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