Today, the Secretary of Economy, Ildefonso Guajardo Villarreal, and their counterparts of the countries of the Trans-Pacific Partnership Agreement (TPP) announced in Atlanta, Georgia, the conclusion of negotiations on this ambitious commercial agreement.
The outcome of the negotiation, said the Secretary, was made possible due to the political will, the pragmatism and the flexibility of each of the parties involved in the negotiation.
The Head of the Secretariat of Economy said that Mexico and the 11 counterparts of the TPP made history by concluding an agreement with such a level of ambition, scope and standards never achieved before. The TPP will be, undoubtedly, a model of negotiation for future trade agreements and puts Mexico at the forefront in this area.
For Mexico, the agreement is of utmost importance as it opens new business opportunities for the Mexican productive sector in six markets in Asia-Pacific (Australia, Brunei, Malaysia, New Zealand, Singapore and Vietnam), the region that will record the highest growth economic in the next twenty five years.
In addition, the TPP strengthens the integration of productive chains of Mexico, USA and Canada, contributing to the goal of turning North America into the most competitive region in the world. On the other hand, consolidates the preferential access to the markets of Chile and Peru, priority partners of Mexico in Latin America; and deepens the preferences of market access of Japan.
Ildefonso Guajardo Villarreal emphasized that, as a result of arduous negotiations, Mexico achieved the right balances between the offensive interests and the sensitivities in areas such as the auto parts-automotive chain, textile and clothing, and agricultural products such as rice, meat, and dairy sector.
It also stressed that the closure of the negotiation was possible thanks to the support from the federal agencies involved in the negotiation and the permanent consultations with representatives of the Mexican productive sectors, through the so-called "room next door".
The 11 countries that are also part of the TPP account for nearly three-quarters (72%) of the foreign trade of Mexico and are the source of more than the half (55%) of the investment received by the country since 1999.