Mexico to call for
deeper economic integration at APEC Summit
MEXICO CITY, Nov. 14 (PNA/Xinhua) -- Mexico will participate in the 33rd
APEC Economic Leaders' Meeting in the Philippines on Nov. 18-19, with the
intention of promoting "regional economic integration" among the 21 APEC
Mexican Economy Minister Ildefonso Guajardo explained at a press conference
on Thursday that Mexico will seek to "promote the participation of SMEs in
the regional and global economy, as well as seeking investment in human
capital development and the construction of sustainable communities".
At the APEC summit, Mexican President Enrique Pena Nieto will share his
vision for how the bloc can move forward in the next 20 years, including by
ensuring more economic integration in the Pacific Rim.
Guajardo said that the APEC members represent 60 percent of global GDP and
49 percent of all international trade. Furthermore, Mexico depends on APEC
members for 85 percent of its trade and for 56 percent of the foreign direct
investment it receives.
He will also attend the Leaders Dialogue with the APEC Business Advisory
Council (ABAC), in which private sector representatives will release their
annual report, including their recommendations for how APEC's objectives can
In an exclusive interview with Xinhua, Jorge Eduardo Navarrete, Mexico's
former ambassador to the UN, China and the UK, said the APEC is an essential
cooperation mechanism for the Pacific Rim.
APEC has the advantage of being inclusive, different to other such groups
which are more famous for those countries they leave out than those that are
included," said Navarrete.(PNA/Xinhua)