The Mexican Secretary of Finance recognized the great opportunity that the High-Level Economic Dialogue represents to "give a strategic sense to the economic relationship between both nations."
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· Sat, 21/09/2013 – 12:03
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The governments of Mexico and the United States held this Friday the first meeting of the High-Level Economic Dialogue (DEAN), which seeks to forge a more competitive and dynamic economic relationship through joint actions of a strategic nature, official sources reported.
In a statement, the Mexican Foreign Ministry said that this new coordination mechanism was agreed upon by Presidents Enrique Peña Nieto and Barack Obama at the meeting they held in Mexico City last May.
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The foregoing occurred within the framework of the visit to Mexico by the Vice President of the United States, Joseph Biden, which took place at the Mexican Ministry of Foreign Affairs (SRE, Foreign Ministry).
The United States is Mexico's main trading partner, and Mexico is the United States' third largest trading partner and second largest market for its exports. Bilateral trade totaled US$493.000 billion in 2012, an amount close to one million dollars every minute.
Nearly 70% of the total is carried out across the land border. From 1999 to date, the United States has invested US$156.000 billion in Mexico, while Mexico has invested more than US$20.000 billion in the United States.
Vice President Biden witnessed the start of the work. The Secretaries of Foreign Affairs, Finance and Public Credit, Economy and Tourism, the Ambassador to the United States, as well as the Undersecretaries of Communications and Transportation and other senior officials participated on behalf of Mexico.
The United States delegation was led by the Secretaries of Commerce and Transportation, the Trade Representative, the Acting Secretary of Homeland Security, and Undersecretaries of the Treasury and of State, as well as the Ambassador to Mexico.
The Mexican Secretary of Finance and Public Credit, Luis Videgaray Caso, recognized the great opportunity that the High-Level Economic Dialogue represents to "give a strategic sense to the economic relationship between both nations, as Presidents Barack Obama and Enrique Peña Nieto decided to make the North American region a more competitive region that achieves the productivity of our economies.”
As part of the DEAN meetings, a meeting was held with businessmen and members of civil society from Mexico and the United States, whose objective was to receive comments and recommendations for concrete actions to strengthen competitiveness, connectivity and economic cooperation between both countries. .
Appeared in America Economy