BY MAURILIO SOTO
The News
Transformative reforms, international free trade agreements and the strengthening of commercial relations with the U.S. and China are signs that the federal government is “doubling up efforts” so that 2014 can be a year of greater economic growth for the country, President Enrique Peña Nieto said on Wednesday.
Last year, GDP growth was a sluggish 1.1 percent, but despite new taxes coming into effect on Jan. 1, Peña Nieto is confident the economy will pick up this year.
While attending a Nuevo León Industry Transformation Chamber (Caintra) event in Monterrey, Peña Nieto said that Mexico can count on the dynamism and commitment of its industries.
He said that the constitutional reforms passed in 2013 represent a platform for the launching of small-, medium- and large-sized companies.
“And once they are ratified by the respective congresses, they will become part of the 10 free trade agreements that give us preferential access to more than 1.1 billion consumers in 45 countries,” he added.
Peña Nieto added that the intensification of commercial relations with China will open up new horizons for Mexican entrepreneurs.
“We have strengthened our relationship with China, the largest market in the world. The agreements reached allow for the access of more Mexican products into that economy.”
He went on to say that Mexico’s border has become more competitive due to better border infrastructure and the official creation of customs norms and standards.
Peña Nieto said that the Communication and Transportation Secretariat’s budget grew this year by 308 percent on 2013, and that this will allow for more transportation infrastructure projects, such as highways, ports and railways, to go ahead.
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