Mexico President Says Working With U.S., Canada on Immigration Plan

12/3/2018 – New York Times

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Photo: El Economista/Notimex

MEXICO CITY — Mexican President Andres Manuel Lopez Obrador on Monday said he was working with the United States and Canada to create a three-way investment plan to tackle the issue of immigration from Mexico and Central America.

Lopez Obrador, speaking in his first news conference since taking office on Saturday, also said that investments in an airport project for the capital, which he has said he will cancel, will be guaranteed. A trust on Monday said it would buy back up to $1.8 billion of debt issued to fund the project.

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The Latest: Trump Praises Outgoing Mexican President

11/30/2018 – New York Times

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Photo by rawpixel.com on Pexels.com

BUENOS AIRES, Argentina — The Latest on President Donald Trump at the Group of 20 summit (all times local):

10:50 a.m.

President Donald Trump is praising Mexico’s outgoing President Enrique Pena Nieto, whose government has been a target of Trump’s ire over trade, migration and Trump’s proposed wall on the U.S. southern border.

Trump has railed about factory jobs lost to Mexico and the U.S. trade deficit with its southern neighbor — two hot-button issues that vexed relations with Nieto.

But on Friday, Trump lauded Pena Nieto as a “special man.”

Trump congratulated Pena Nieto on ending his presidency by signing the new agreement governing trade relations among the United States, Mexico and Canada.

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Trump Signs New Trade Deal With Neighbors After Acrimonious Negotiations

11/30/2018 – New York Times

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Photo: Tom Brenner for The New York Times

BUENOS AIRES — President Trump and his Mexican and Canadian counterparts sought to put the acrimony of the past two years behind them on Friday as they signed a new agreement governing hundreds of billions of dollars in trade among the neighbors that underpins their economies.

Meeting for the first time since the revised North American Free Trade Agreement was sealed, Mr. Trump, President Enrique Peña Nieto of Mexico and Prime Minister Justin Trudeau hailed the results as a boon for workers, businesses and the environment, even as they alluded to the harsh talks that had preceded this day.

“We worked hard on this agreement,” Mr. Trump said, with the other leaders on other side of him at a ceremony held on the sidelines of an international summit meeting in Buenos Aires. “It’s been long and hard. We’ve taken a lot of barbs and a little abuse, and we got there. It’s great for all of our countries.”

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Latin America in flux as G20 leaders descend on the region

11/26/2018 – Washington Post

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Natacha Pisarenko, File/Associated Press

BUENOS AIRES, Argentina — Argentina had hoped to show off its newly market-friendly economy to the world when the G-20 group of the world’s top economies begins its first South American summit this week. Instead it’s looking for help to avoid an all-out crisis.

 

The two-day meeting that starts Friday is meant to focus on development, infrastructure and food security, but most of the talk on the sidelines is expected to center on trade disputes between the U.S. and China and the signing of the new North American free trade deal.

Argentina, a darling of Wall Street just a year ago, finds itself hosting the summit while scrambling for international aid to fend off a collapse.

“The original vision for Argentina was to use the G-20 to showcase that it had transformed the economy, and instead it welcomes world leaders to the economic wreckage. So, the timing is inconvenient, to say the least,” said Benjamin Gedan, an Argentina expert at the Woodrow Wilson International Center for Scholars.

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Incoming Mexican government has little room for error: adviser

11/16/2018 – Reuters

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REUTERS/Henry Romero

NEW YORK (Reuters) – An adviser to Mexican president-elect Andres Manuel Lopez Obrador sought on Thursday to reassure investors in New York, following weeks of upheaval in Mexican financial markets and doubts about the policies of the incoming left-leaning government.

Abel Hibert, an economic adviser to Lopez Obrador, acknowledged that financial markets were watching closely.

“We recognize that we have one opportunity to show responsibility in the elaboration of the next budget,” Hibert said to a crowd of investors at a business forum in New York.

“The design of the public budget will be very careful,” he said. “We don’t have room for mistakes.”

Markets were shook in recent weeks by announcements from the incoming administration that it would cancel a partly-built $13 billion Mexico City airport and limit bank commissions.

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Mexico’s President Elect Reaches Out to Business Elite

11/15/2018 – New York Times

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Photo by rawpixel.com on Pexels.com

MEXICO CITY — Mexico’s President-elect Andres Manuel Lopez Obrador has reached out to the country’s business elite, announcing the formation of a business advisory council including big names, especially in media.

Lopez Obrador said in a pre-recorded video circulated Thursday that he would meet with the council every couple months.

Lopez Obrador, who takes office Dec. 1, says Mexico needs the private sector’s support to generate jobs and grow the economy.

The leftist politician quickly moved to meet with business leaders to calm markets after his victory in July. Last month, Lopez Obrador roiled markets again by announcing the cancellation of the capital’s $13 billion airport project.

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U.S. alone in opposing U.N. refugee text over sovereignty concerns

11/14/2018 – Reuters

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REUTERS/Lucas Jackson/File Photo

UNITED NATIONS (Reuters) – The United States was the only country on Tuesday to oppose an annual draft U.N. General Assembly resolution on the work of the U.N. refugee agency (UNHCR) because it said elements of the text ran counter to the Trump administration’s sovereign interests.

The resolution has generally been approved by consensus for more than 60 years. But this year Washington asked for a vote.

The draft text was adopted by the General Assembly human rights committee with 176 votes in favor, while there were three abstentions and 13 countries didn’t vote. It is now due to be formally adopted by the 193-member General Assembly in December.

U.S. Ambassador for economic and social affairs Kelley Currie told the committee that while the United States valued much of what was contained in the resolution and an attached Global Compact on Refugees, some U.S. concerns were unaddressed.