Mexico’s Pena Nieto backs stronger trade ties with Asia

Reuters, 7/23/2012

Enrique Peña Nieto

Mexico must look to increase its trade with Asia, especially if the U.S. economy does not improve, President-elect Enrique Pena Nieto was quoted as saying on Monday.

In an interview with Mexican newspaper El Financiero, Pena Nieto said Latin America’s second biggest economy needed to reduce its dependence on the United States, where nearly 80 percent of Mexico’s exports are sent.

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