December 6, 2013
Financial Times, 12/5/2013
Shortly after Nafta came into effect, Mexico suffered the crushing devaluation of the peso – the Tequila crisis – dashing hopes of imminent prosperity. As for democracy, fewer Mexicans today believe it is the best form of government than in 2000. Will the “Mexican moment” of Mr Peña Nieto’s government prove a similar disappointment?
December 4, 2013
Financial Times, 12/2/2013
It would be easy looking at the border between San Diego, in the US state of California, and Tijuana, in the Mexican state of Baja California, to conclude that the formidable fence was a barrier to all cross-border interactions. The fence and other defences against unauthorised border crossings have only grown since the September 11 2001 attacks on the United States sharply increased concerns about the US’s border security.
Yet it is a tribute to the power of the North American Free Trade Agreement that companies have continued in the years since 2001 to move goods freely across the heavily policed frontier.
November 27, 2013
The Christian Science Monitor, 11/26/2013
President Peña Nieto’s sweeping reforms raise taxes on US-owned companies and other businesses. Some firms along the US-Mexico border say they won’t rule out relocating.
November 26, 2013
By Laura Dawson, Christopher Sands, and Duncan Wood
The San Diego Agenda came out of the North American Competitiveness and Innovation Conference (NACIC) held in San Diego October 27-29, 2013 where Canadian Trade Minister Ed Fast, Mexican Economy Secretary Ildefonso Guajardo and U.S. Commerce Secretary Penny Pritzker met to discuss “three countries, two borders, one economy.” In this publication, Duncan Wood, Chris Sands and Laura Dawson argue that North American economic integration must be deepened in order to compete more effectively globally.
Read the full publication here.
November 25, 2013
The New York Times, 11/24/2013
Despite challenges that may sometimes seem daunting, the relationship between Mexico and the United States has shown remarkable resilience and has been by and large mutually beneficial. Nafta is largely the catalyst to the strength of this relationship.
Nafta was conceived as a way to increase trade and investment flows by setting a set of common rules to govern trade relations. Trade flows among the three countries have grown well above total output, investment flows have also increased significantly, and the vast majority of trade and investment relations among the three partners occur without disputes.
November 25, 2013
The New York Times, 11/24/2013
By Laura Carlsen
Nafta is limping toward its 20th anniversary with a beat-up image and a bad track record. Recent polls show that the majority of the U.S. people favors “leaving” or “renegotiating” the model trade agreement.
While much has been said about its impact on U.S. job loss and eroding labor conditions, some of the most severe impacts of Nafta have been felt south of the border.
October 29, 2013
The Latin American Herald Tribune, 10/29/2013
U.S. Secretary of Commerce Penny Pritzker, Canadian Minister of International Trade Ed Fast and Mexican Secretary of Economy Ildefonso Guajardo issue a joint statement at the North American Competitiveness and Innovation Conference in San Diego on strengthening the three countries’ trade and economic relationship.
Read the statement here.
September 5, 2013
San Diego Union Tribune, 9/4/2013
South of the border, President Enrique Peña Nieto appears to be on track to gain approval from the General Congress of the United Mexican States to reverse decades of tight federal control over the country’s oil and gas resources. Polls in Mexico show citizens favor Peña’s idea 62 percent to 28 percent.
And in a reversal of roles, Mexico is setting an example that the United States should follow: not just permitting, but encouraging, private investment in publicly controlled energy resources.
August 12, 2013
Financial Times, 8/12/2013
“Mexico faces a historic opportunity,” Mr Peña Nieto said in a televised address from Los Pinos presidential palace in Mexico on Monday. “This profound reform can lift the standards of living for all Mexicans”.
President Enrique Peña Nieto has unveiled plans to change Mexico’s constitution and open up the country’s energy sector to foreign investors for the first time in 75 years, a move that could unleash billions of dollars of investmentfrom oil majors struggling to find new resources elsewhere. His proposal to loosen the grip on Mexican energy of Pemex, the state oil monopoly, and invite in companies such as ExxonMobil and Royal Dutch Shell, is potentially the country’s biggest overhaul since the passage of the North American Free Trade Agreement in 1994.
August 1, 2013
The Latin Times, 7/31/2013
Mexico’s economy has been able to expand slowly over time, making it the second largest economic system in Latin America. Due to its open government, it has connected industrially with larger economies over the past two decades in hopes of gaining a more successful economy itself. The country’s openness to business with other countries has helped greatly, but economic, financial and social struggles still exist.
As Mexico agreed to free trade with the U.S., unemployment rose and lead to one of today’s focal issues in Washington, immigration. The U.S., being the world’s economic power, and Mexico have become somewhat codependent economically, but as a result other issues evolved.