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Mexico will continue to pursue free trade through two strategies

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12/06/2016 | 03:59am CET

President Enrique Peña Nieto led the closing ceremony of the 23rd Mexican Foreign Trade Congress.

He said that being, 'An active promoter and participant in foreign trade makes us freer as a society by allowing us to choose between different products and services that compete in quality and price.

Mexico is now the leading exporter of medium and high technology manufactured goods , as a percentage of GDP in Latin America, and the third largest among more developed countries among the countries known as the Group of 20, only behind South Korea and Germany.

He said that his government has a clear goal:

'We want Mexican products and services to reach more markets. We want the world to continue discovering our country's high-quality workmanship. We want people to speak well of Mexico, wherever they are': EPN

'Mexico will therefore continue to pursue free trade through two strategies:

FIRST: Expanding into new markets and consolidating those where we already have a presence.

The government has a strategy of expansion and diversification into other business areas.

'Mexico is looking toward the four corners of the globe': EPN

In the south, it has deepened economic integration with Latin America through the Pacific Alliance, which has allowed the liberalization of 92% of the products between Chile, Colombia, Peru and Mexico.

It will approach Brazil and Argentina to extend the tariff preferences Mexico already has in those markets.

In the east, it is improving the access of Mexican products, especially agrifood, to the European market.

Last June saw the start of the negotiation of the agreement Mexico has with the European Union, to enlarge and modernize it; It will attempt to complete this before the end of this administration.

To the West, Mexico's integration into the world must contemplate the Asia-Pacific region; because in the next five years (2017-2021), their economies will grow an average of 4.8% more than other economies such as those in the European Union (1.7%).

Mexico joined the most ambitious trade agreement in recent decades: the Transpacific Partnership.

And beyond the concrete results of the TPP, it will use its base to secure bilateral trade agreements and successfully integrate Mexico into the Asia-Pacific region.

SECOND: Continuing to promote the competitiveness of North America.

During the first four years of this administration, the High Level Economic Dialogue with the United States was established with the aim of reducing transaction costs.

'In the new stage of relations between the two countries, we are clear about the issues and Mexico's interests. 'Accordingly, we will seek spaces to improve and modernize the North American Free Trade Agreement on the basis of a win-win strategy': EPN

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