BY MAURILIO SOTO
The News
President Enrique Peña Nieto spoke at the World Economic Forum in Davos, Switzerland, on Thursday, detailing his administration’s achievements during its first year in power.
Peña Nieto said that, during his first twelve months in office, he was able to achieve a legislative consensus with the two major opposition parties on the transformations and structural reforms that the country needed, “respecting everyone’s viewpoints, but looking for the spaces with others that would favor structural reforms.”
“This has all been possible in a climate of plurality and political diversity, as there’s no one political party that has hegemonic control in Congress,” he added.
Peña Nieto said that the energy reform, one of the most ambitious but controversial aspects of last year’s legislative agenda, maintains the Mexican government’s ownership over the country’s oil and natural gas resources.
The opposition Democratic Revolution Party (PRD) charges that opening state-run oil company Pemex and the Federal Electricity Commission (CFE) amounts to privatization.
Speaking to representatives of the international business community gathered at the World Economic Forum, Peña Nieto said that Mexico has many attributes that make it an attractive place for foreign investment, explaining that the country is going down a clear path to success.
Mexico is “committed to the rule of law, to creating conditions of security and legal certainty for those who live in the country and for those who see in Mexico an ideal and optimal destination to reap the benefits of their investments,” he said.
Peña Nieto said that Mexico is the second largest economy in Latin America, boasting macroeconomic stability and healthy public finances. He added that the country’s foreign and domestic policy promotes free trade, as seen in its participation in the Pacific Alliance — a trade bloc that also includes Colombia, Chile and Peru.
According to Peña Nieto, the countries making up Pacific Alliance together represent the world’s sixth largest economy.
“The Pacific Alliance goes beyond a free trade agreement,” he said. “We’re seeking to be more competitive and we’ll achieve improved productive integration.”
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