President’s US Visit Reinforces Mexico’s Importance to Main Street America

07/22/16 The World Post

President Obama visits Mexico President Enrique Pena NietoFor the second time in less than a month, Presidents Peña Nieto and Obama are meeting to explore how to deepen collaboration in issues ranging from security to climate change and our commercial relationship. The timing of this meeting on Friday—between the two presidential conventions—could just be chalked up to a coincidental schedule alignment. But it also sends a powerful signal of how critical the relationship is just as parts of the nation are transfixed by rhetoric blaming Mexico for problems that it didn’t create.

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Mexico ruling party to pick energy official as new head – sources

07/08/16 Reuters

Copy of PRI logoMEXICO CITY, July 7 (Reuters) – Mexico’s ruling Institutional Revolutionary Party, or PRI, will pick a top government energy official to take over as party leader next week, two years ahead of the next presidential election, three PRI officials said on Thursday.

Enrique Ochoa, who heads the Federal Electricity Commission (CFE) and played a major role in crafting President Enrique Pena Nieto’s landmark energy reform, will be the next PRI chairman, said the officials, who spoke on condition of anonymity, because the matter must still be voted on.

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Activists from Mexico want Trudeau to push Mexican president on his human rights’ record

6/23/16 CBC News 

HE_Enrique_Peña_Nieto,_President_of_Mexico_(9085212846)A group of female human rights activists from Mexico is calling on Prime Minister Justin Trudeau to show his true feminist credentials and challenge their country’s president on its human rights record.

Trudeau will host Mexican President Enrique Pena Nieto during a state visit next week before the North American leaders’ summit that will also include U.S. President Barack Obama.

The so-called three amigos will focus on strengthening continental economic co-operation and will likely issue a statement that reinforces their shared commitment to fight climate change.

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Mexico to Keep Credit Rating as Pemex’s Losses Mount, S&P Says

2/16/16 Bloomberg

pemex2Mexico’s efforts to reduce energy subsidies and broaden its tax base is helping to insulate its credit rating as state-controlled oil producer Petroleos Mexicanos confronts a plunge in crude prices, according to Standard & Poor’s.

The fiscal changes enacted in 2014 have helped cushion the blow from a drop in revenue from Pemex, which has accounted for about 20 percent of the national budget, according to Victor Herrera, the managing director for Latin America at S&P in Mexico City. He cited measures including the end of a gasoline subsidy and efforts to bring more workers into the formal economic system.

“We don’t see pressure now as the government has so far reacted to contain this blow,” Herrera said in a telephone interview. “Everyone was criticizing the fiscal reform a few years ago, but look at how it’s helped us cushion this drop.”

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Mexico’s President Enrique Peña Nieto slumps in polls despite policy wins

Enrique Pena NietoThe Washington Post, 4/13/14

Plenty of world leaders would be thrilled to have the kind of executive hot streak blazed by Mexico’s Enrique Peña Nieto during his first 16 months in office. In that short span, he and his administration have steered more than a dozen major new laws through congress, overhauling the country’s energy, banking and education sectors, among others.

Peña Nieto has stood up to powerful interests from Mexico’s business world and underworld. He has locked up drug lord Joaquin “El Chapo” Guzmán, the world’s most wanted trafficker, quieting doubters in the United States who questioned his crime-fighting mettle. Yet for all the praise he has won in Washington and elsewhere in the world, Peña Nieto’s opening act is getting panned in the only place it really counts: Mexico.

After Time magazine put him on the cover of its international edition recently with the headline “Saving Mexico,” a flood of ridicule and derision followed. Peña Nieto’s approval ratings have fallen fairly steadily since he took office in December 2012, dropping to 37 percent inone recent poll, with other surveys rating him in the mid-40s.

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Pena sends Mexico’s diplomatic reply

canada mexicoThe Globe and Mail, 3/22/14

Mexican President Enrique Pena Nieto has cancelled a trip to Canada in June to signal his country’s unhappiness with the Harper government’s refusal to talk about removing visas for Mexicans coming to Canada.

Mr. Pena had intended to come to Ottawa and attend the Global Petroleum Show in Calgary. There, he was going to talk about his government’s new policy of opening some of the government’s state-owned oil monopoly, Pemex, to foreign partnerships. But the President was apparently so disturbed by our position on visas for Mexicans that he has called off the trip, according to Canadian sources.

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Mexico’s President Unveils Telecom Bill

shutterstock_124592293The Wall Street Journal, 3/24/14

Mexican President Enrique Peña Nieto submitted to Congress on Monday a telecommunications bill intended to boost competition in the quasimonopolistic markets dominated by tycoon Carlos Slim’s América Móvil  and broadcast company Grupo Televisa, TLEVISA just weeks after the country’s telecom regulator imposed tough restrictions on both companies.

The proposed legislation is the final step toward overhauling rules governing the country’s telecommunications and television markets, following constitutional changes passed last year in Congress. Investors are awaiting the passage of so-called secondary laws to start taking decisions on new investments and corporate strategy, such as possible mergers and acquisitions.

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