• This intense commercial relationship can be strengthened through closer cooperation between APEC and the Pacific Alliance, with benefits for both sides of the ocean that unites us.

• This meeting represents a milestone, opening a dialogue at the highest level between two important initiatives of integration and cooperation in Asia-Pacific.

Today, President Enrique Peña Nieto participated in the dialogue between the leaders of the Asia-Pacific Economic Cooperation (APEC) and the Pacific Alliance (PA), in which, on behalf of Mexico, as a member of both forums, he proposed institutionalizing dialogue between the two mechanisms, “Through the establishment of a working group to promote cooperation on issues of common interest."

He said that, “This intense commercial relationship can be strengthened through closer cooperation between APEC and the Pacific Alliance, with benefits for both sides of the ocean that unites us.”

He said that, “This meeting represents a milestone, opening a dialogue at the highest level between two important initiatives of integration and cooperation in Asia-Pacific.”

As part of his activities at the 23rd APEC Leaders’ Meeting, President Peña Nieto said there are at least three areas in which cooperation could be generated between the integration initiatives: the participation of SMEs in global value chains, regional economic integration, and the development of human capital, on which he elaborated as follows:

• REGIONAL ECONOMIC INTEGRATION: The president noted that APEC is promoting a free trade area in Asia-Pacific.

“The initiative comprising Chile, Colombia, Peru and Mexico has the same purpose. The economic link between the two blocs is already significant: 75 percent of the PA’s trade is conducted with APEC economies; 1 of every 4 dollars spent by APEC on fruit comes from the AP; 23% of the copper imported by APEC economies is produced in the Alliance countries, while 13% of APEC‘s purchases of automotive products are from the PA.”

• Participation of SMEs in Global Value Chains: Small and Medium Enterprises constitute an engine of growth and are a major source of employment in our economies.

The president declared that a Working Group on SMEs was created in the PA, with the strategic objective of inserting them into global value chains. He noted that to support SMEs, Mexico implemented three key actions:

o Development of a joint study with the Organisation for Economic Co-operation and Development (OECD), which identifies areas of opportunity to include SMEs in global production schemes.

o Establishment of a Network of Business Development Centers, which will provide training and advice for SMEs and entrepreneurs in the region, scheduled to begin operations in 2016, and

o Creation of a Venture Capital Fund, which will have an initial investment of $100 million USD and will begin operating in 2017.

• HUMAN CAPITAL DEVELOPMENT: Aware that the development of human capabilities is essential to enhance the competitiveness of our economies, countries in the Alliance have also formed a Platform for Academic and Student Mobility, for exchanges between universities in the four countries.

After this meeting, President Peña Nieto attended the welcome dinner for APEC leaders hosted by President of the Philippines, Benigno Aquino III, at which a cultural show was presented.