Luis Videgaray Says Mexico, US Need to 'Collaborate' on Drug Cartels
Jenny Cosgrave and Julia Chatterley - CNBC
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April 15, 2014
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Luis Videgaray, finance minister of Mexico, says the U.S. must "share responsibility" for tackling drug cartels. (CNBC.com)

The U.S. must "share responsibility" on clamping down on the trade in illegal drugs between it and Mexico by stepping up efforts to reduce the demand for banned substances, Mexico's finance minister told CNBC.

Speaking at the International Monetary Fund's spring meeting in Washington, Mexican Finance Minister Luis Videgaray said it is a challenge to have a neighboring country like the U.S. that has a demand for illegal drugs, as it will always create "disruption". Videgaray said the matter was one of "shared responsibility".

"Just as Mexico should fight these organisations and reduce supply, all the efforts that the U.S. can make to reduce demand and to make sure that the younger population in the U.S. does not go into drugs, that's first of all going to help the U.S. a lot, it's going to be very good for the U.S. society," he told CNBC.

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