·               According to the latest data from the IMSS, 59,400 formal jobs were created in March of this year. This means that employment is growing at an annual rate of 3.5 percent, he said.

·        So far this administration,1, 860,000 thousand formal jobs have been created, the highest figure ever recorded for a similar period in any Federal Administration, he declared. 

·        Germany is now our fifth largest trading partner in the world. Thanks to the confidence of German businessmen in Mexico, there are over 1,800 companies with German investment operating in the country, which generate about 120,000 direct jobs, he said.

·        From 2014 to 2015, Mexico moved up two slots in the World Trade Organization’s exports ranking to become the world’s thirteenth largest exporter.

·        Mexico is an economic heavyweight in Latin America and indeed its economic development, higher than the Latin American average, shows that there is macroeconomic stability, which is a good basis for fruitful relations: Sigmar Gabriel, Federal Vice-Chancellor  of Germany.

 Addressing German business leaders and directors of companies with interests in Mexico, President Enrique Peña Nieto said today that the environment of transformation our country is experiencing has registered profound changes that are already positively impacting the fundamental variables of the economy.

He highlighted the most recent figures for one of these variables: job creation. According to the latest data from the Mexican Social Security Institute, in March of this year 59,400 formal jobs were created, meaning that employment is growing at an annual rate of 3.5 percent.

Thus, he explained, “So far this administration,1, 860,000 thousand formal jobs have been created, the highest figure ever recorded for a similar period in any Federal Administration.”

During the event, called “Economic Reforms in Mexico: A New Horizon in Mexico-Germany Relations,” the president declared that, “In 2015, bilateral trade between Mexico and Germany  exceeded 15.75 billion Euros, 21 percent more than the previous year. As a result, Germany is now our fifth largest trading partner worldwide.”

And as for its investments in Mexico, he added, “There have also been significant advances, which consolidate  it as our sixth largest investor worldwide.” In the past 16 years, cumulative Foreign Direct Investment from Germany has exceeded nine billion Euros.”

He said that thanks to the confidence of German businessmen in Mexico, “There are over 1,800 thousand companies with German investment operating in the country, which generate about 120,000 direct jobs.”

President Peña Nieto explained that the goal now is to maintain and increase these economic exchanges. “Today, Mexico offers specific opportunities in the automotive, aerospace and electronics industries as well as in strategic sectors in infrastructure, telecommunications and energy,” he declared.

He remarked, however, that,  “Options are much greater, since Mexico offers many advantages for productive investments.” He highlighted some of the competitive advantages Mexico offers the world:

FIRST:  Mexico is a productive platform with global reach. “It has a privileged geographical location and it is a bridge between North America and Latin America and between the Atlantic and the Asia-Pacific Region.

“We have the fourteenth largest territory worldwide, great biodiversity and a growing logistics infrastructure.”

SECOND:  Mexico is a stable, reliable country, in both the institutional political sphere, and in the macroeconomic order. “We are a democracy that is being consolidated; we have over 80 years of political stability, and constantly evolving public institutions.

“Economically, there is a strong commitment to sound public finances; monetary policy is autonomous; inflation is at historically low levels, the exchange rate is flexible, and we have a robust banking system.”

THIRD:  Mexico has great human capital. “Our population is over 120 million, it is the eleventh largest in the world and also one of the youngest: 50% of Mexicans are 27 years old or less.

“In Mexico, more than 100,000 engineers and technicians graduate every year, making it possible to have qualified personnel to undertake high value-added activities.”

FOURTH:  Mexico is an open, competitive economy and on the rise. “Our economy is the 15th largest worldwide. In 2015, it grew 2.5 percent, becoming the fourteenth economy that grew most among the 34 OECD countries, and is expected to grow between 2.6 and 3.6 percent  this year.

“We have 11 free trade agreements offering preferential access to a potential market of more than 1.1 billion people. From 2014 to 2015, Mexico moved up two slots in the World Trade Organization’s exports ranking to become the world’s thirteenth largest exporter. In fact, our manufacturing exports represent 66 percent of those made throughout Latin America.”

The Mexican president also highlighted Mexico’s productive integration with the United States of America, one of the main engines of today’s global economy.

He said that in addition to all these advantages, our country has another one: “The transformations Mexico is undergoing, as a result of the structural reforms achieved through a broad consensus between the main political forces in my country.”

He said that the Labor, Financial, Telecommunications, Anti-trust, Fiscal and Energy Reforms, “Constitute an enabling environment for business and for increasing productivity and competitiveness.”

President Peña Nieto declared that this framework of transformations, “Is complemented by an economic policy in favor of stability, the development of cutting-edge infrastructure and the implementation of new generation public policies, promoted by the government.”

He explained that Germany and Mexico have a promising future, especially because two key conditions have coincided:

FIRST: The size, strength and dynamism of the German economy.

SECOND:  The macroeconomic stability and transformations Mexico is undergoing.

He said that both conditions are encouraging, and moreover, “Are complemented by the upcoming update of our Global Agreement with the European Union, which has Germany’s valuable support.”

Together, he said, “These circumstances are creating an ideal environment to bring bilateral economic relations to unprecedented levels.”

PRESIDENT  PEÑA NIETO HAS UNDERTAKEN SOME VERY BRAVE REFORMS IN INFRASTRUCTURE, THE LABOR MARKET, EDUCATION AND THE ENERGY MARKET: GERMAN VICE Chancellor

Germany Vice Chancellor and Federal Minister of Energy and Economy Sigmar Gabriel said that, “Mexico is a country that represents the fantasy of many Germans who have not yet had the opportunity to visit your country.”

He told President Peña Nieto: “Your country is Germany's most important economic partner and a very important place in Latin America. Mexico is an economic heavyweight in Latin America, and indeed its economic development, higher than the Latin American average, shows that it has macroeconomic stability, which is a good basis for fruitful relations.”

He said that at the same time, “Mexico is a link between Latin America and North America, among the countries of the Atlantic and Pacific and between developing and industrialized countries.”

“You have the role of bridge builder, building bridges to improve international relations,” he told the Mexican president.

German Vice Chancellor said that Mexico and Germany are united by common values, from peace and prosperity to data protection. “In an increasingly complicated world full of conflicts, it is also important to say that that we are linked by more than just economic relations,” he said.

He said both countries are, “A mirror of peace and prosperity, and that Mexico is also is a major regional investor, and Germany the largest exporter and investor in Europe.”

He stressed that President Peña Nieto, “Has undertaken very bold reforms in infrastructure, the labor market, education and the energy market, which offers opportunities for investors to participate in the energy, transport, telecommunications, water and oil sectors.”

I believe, he continued, “That this offers significant opportunities for our German companies, since Mexico has a good mix of large and small businesses; small businesses in Germany are different from those in other countries. “

He explained that, “In the past two decades, Mexico has managed to produce highly modern industrial production technologies, becoming a global hub in the automotive sector.”

At the meeting, President Peña Nieto witnessed the signing of the Joint Declaration for the Establishment of the Mexico-Germany Strategic Partnership, and the Joint Declaration on Improving Business Opportunities through the promotion of entrepreneurship and advanced training, between the Mexican Ministry of Economy and the German Federal Ministry of Energy and Economy.