• During the meeting with leaders of the 20 most important economies in the world, the president highlighted the importance of countries reaching consensus to solve issues that are vital for the world.
  • As an example of an innovative approach, he referred to the consensus reached by Mexico, the United States and Canada to sign the new T-MEC trade agreement today.

President Enrique Peña Nieto today attended the inauguration of the G20 Leaders’ Summit, being held on November 30 and December 1, 2018 in the city of Buenos Aires, Argentina, the motto of which is, “Building consensus for equitable, sustainable development”.

Argentina, the country that has chaired the G20 in 2018, established three priorities for this Summit: 1) the future of work and the role of new technologies in the labor market; 2) infrastructure for development and how to achieve greater participation by the private sector to boost investment in this issue and 3) the prospects of a sustainable food future.

The president participated in the G20 Leaders’ Retreat at the Summit, where he thanked President Mauricio Macri for organizing the meeting, which this year celebrates its tenth anniversary. He also highlighted the work of the finance ministers and the governors of the Central Banks for their essential work in achieving the G20 goals.

During his address, the president pointed out that countries’ efforts to reach consensus have sometimes been insufficient, making it difficult to move “from discussion to action” in the face of challenges that are vital for nations. Accordingly, he declared, the challenges facing the world can only be overcome if solutions are collectively established. Today, the international community needs agreements,” he pointed out, “and it is imperative to find a way to create them”.

In this respect, President Peña Nieto was encouraged by the signing in Buenos Aires today of the new Trade Treaty between Mexico, the United States and Canada (T-MEC), since the arduous negotiation process that made enormous demands on the three countries also led them to adapt to “new ways of doing things”, until they reached an agreement beneficial to all three parties.

President Peña Nieto will return to Mexico tonight.

The Group of 20 is the main international forum for economic, financial and political cooperation. It comprises the European Union and 19 countries: Germany, Saudi Arabia, Argentina, Australia, Brazil, Canada, China, South Korea, United States, France, India, Indonesia, Italy, Japan, Mexico, United Kingdom, Russia, South Africa and Turkey. Together they account for 85% of global GDP, 66% of the world's population, 75% of international trade and 80% of global investments.