As he inaugurated the Mexico-Argentina Business Forum with President Mauricio Macri, President Enrique Peña Nieto said that for Mexico, a fundamental condition for promoting development and prosperity is maintaining its macroeconomic stability.
Both countries agree that it is necessary to break down barriers, promote changes and design policies, especially structural reforms, in order to meet the new challenges of the global world.
Contributions of reforms
Mexico has made structural reforms a new platform, undertaking political, social and economic reforms.
- Today it has a network of 12 trade agreements with different countries, giving it preferential access to 45 countries and a market of 1.1. billion people.
- The most foreign currency is generated by the food industry, tourism and vehicle manufacturing.
- Mexico is the world’s seventh largest vehicle producer. 3.4 million vehicles are produced a year, 2.8 million are exported, and the rest, which have also achieved record sales figures, are sold on the domestic market.
- The current administration has expanded communications, highway, road, railway network and port capacity infrastructure.
- Port capacity has been expanded from 280 to 370 million tons per year. By the end of this year, 400 million tons will have been handled annually and the goal set for 2018 is 500 million tons.
Another competitive advantage is its geographical location, since it is a strategic bridge between North America and Latin America.
- Trade between Mexico and Argentina currently stands at $2.5 billion USD.
- Argentina is Mexico’s fourth largest trading partner in Latin America.
"Mexico has made structural reforms a new platform, and today the government is working to define and materialize the benefits that will derive from these reforms for our society”. EPN