Mexico Pushes for Global Growth at G20 Forum Patrick Ferguson - The News
go to original April 17, 2012

MEXICO CITY – At the World Economic Forum on Latin America, Mexico will have the opportunity “to promote commerce and trigger global economic growth,” said Francisco de Rosenzweig, the subsecretary of the external commerce department of the Economy Secretariat (SE).

Latin America presidents, Groups of Twenty (G20) ministers and economic secretaries from around the world will attend the forum, to take place in Puerto Vallarta, from April 16 to 28. The forum will focus on rebalancing global economic recovery, raising capabilities toward regional transformation, and creating innovative models for a sustainable future.

“We are committed to opening markets, and (establishing) a multilateral trading system based on clear and fair regulations to combat the prevailing economic challenges,” said De Rosenzweigh, during a press conference on Thursday.

José Antonio Torre, the subsecretary for the competitiveness department of the SE, said that the forum is an opportunity for Mexico to increase competitiveness and its role in the international economy.

“It’s an enormous opportunity for Mexico,” said Torre. “Having these leaders and business representatives in the country opens up more opportunities for Mexico.”

It is still unclear if Argentina will attend the forum. Last month, the Argentinian government announced that it would seek to modify the ACE 55 trade agreement, which would limit Mexico’s automobile exports to the country. Mexico responded saying that it would not re-negotiate the deal with Argentina, as it did with Brazil.

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