05/12/2014

Accompanied by Sandra Fuentes Berain, Consul General of Mexico in New York, and Rafael Moreno Valle, Governor of Puebla, Ambassador Medina Mora had breakfast with executives from the NYSE and business representatives. Later, he led the traditional bell-ringing ceremony and toured the trading floor with Duncan Neiderauer, Director of the NYSE, who presented the Ambassador with an award.

Ambassador Medina Mora later spoke at a lunch meeting before investors and CEOs from Mexico and abroad to whom he noted that Mexico is passing through many positive changes which will be deepened due to the diverse structural reforms to education, electoral politics, telecommunications, financial services, fiscal policy, and energy being implemented by the administration of President Enrique Peña Nieto. “If Mexico were a stock, it would certainly be time to buy and hold”, said the Ambassador.

Medina Mora spoke about the importance of the relationship between the public and private sectors in strengthening the economic competitiveness of North America, alluding to the North American Free Trade Agreement (NAFTA): “while the goal of NAFTA was the establishment of a free trade area, something more significant has happened—North America has become a region of shared production”, the Ambassador remarked.

As part of Mexico Day, a diverse group of panels on growth and buying power of the Mexican economy were also held. Managers from ICA, Televisa, Grupo Aeroportuario del Pacífico, Grupo Financiero Banorte, Grupo Senda Autotransporte, Terrafina, Gentera and Grupo Lala, among others, participated.