Mexican President-elect Enrique Peña Nieto delivered an address Monday to business leaders in Madrid, offering Spain the support and assistance of his incoming administration in dealing with the economic crisis.
Peña Nieto, who takes office on Dec. 1, said his goal was to strengthen the relationship between “both brotherly peoples.”
The president-elect discussed the economic strategies he planned to implement after taking office.
The objective of these policies is to promote “the development of my country, but they will also help Spain get out of the crisis,” Peña Nieto said.
“Spain is our second most important trade partner in the European Union, and the No. 1 investor country, with more than $45 billion, but this relationship still has much to give both peoples,” Peña Nieto said.
The next Mexican government will be “aware of the optimal situation that Mexico is in at this time for being competitive in the region and against other countries,” the president-elect told Spanish business leaders.
“We will continue working on a free-market economy, but placing more emphasis on the social aspects. We will create a trade economy, but with social feeling, taking advantage of the agreements we have with other countries,” Peña Nieto said.
The president-elect also discussed the future of Mexico’s energy industry.
“We must undertake energy reforms that will allow us to be more competitive and to have more private (sector) participation in Petroleos Mexicanos (Pemex),” Peña Nieto said, adding that “this does not mean that Pemex is going to be privatized.”
“It is a national company and the state should maintain control, ownership and oversight of the resources. These conditions should remain. It is not going to be privatized,” the president-elect said.
The incoming administration will seek to have “a greater trade presence in the world,” taking “more advantage of the trade agreements” that Mexico has signed with 44 countries, including EU members, Peña Nieto said.
The Mexican president-elect will meet later in the day with Prime Minister Mariano Rajoy and King Juan Carlos I.