November 05, 2018


President Enrique Peña Nieto thanks T-MEC negotiating team 


  • We made it possible for the negotiation to ensure that this trade liberalization and the most important agreement Mexico has signed with anywhere in the world reached a point of understanding, he said.
  • This would not have been possible without the highly committed participation of the negotiating teams, he declared.
  • They are a professional, trained team, with extensive experience, he declared.

President Peña Nieto thanked those belonging to the team of negotiators between Mexico, the United States and Canada (T-MEC) from the Secretariats of Economy and Foreign Affairs as well as the private sector.

He said that the negotiation process to reach a point of understanding was arduous and complex. “It was not an individual achievement, it was a team achievement, everyone's achievement and a complex task,” he declared.

During the event, held at the Adolfo López Mateos Hall of the Official Los Pinos residence, the president highlighted the importance of T-MEC for Mexico, “which today leaves solid and stable bases and certainty for investors and for more job creation in the following years”.

He declared that the modernization of various agreements between Mexico and other countries is one of the four central premises on which the administration of this government has been based in the economic sphere.

The president listed these four axes:

FIRST: “Maintain macroeconomic stability, forcing us to make decisions that are not always easy”. He added that, “When you have this responsibility, you cannot attempt to make decisions on the basis of a political agenda, an electoral agenda or an agenda with more or less approval among Mexican society, but on the basis of responsibility, and the first premise was and has been precisely to protect our macroeconomic stability. That has meant Fiscal Reform, which was not welcomed at the time; increasing or freeing the price of energy, particularly of hydrocarbons in January of last year”.

SECOND: “Undertake an entire agenda of sweeping reforms in various areas, both socially, politically and economically, precisely to enhance the potential for Mexico to grow and have higher levels of development in the coming years."

THIRD: “The development of major infrastructure in the country. The public and private investment made in the past six years may be unprecedented. It accounts for just over seven points of the Gross Domestic Product, and what has been crucial here has been the involvement and confidence that the private sector has had to really trigger large infrastructure projects”.

FOURTH: “Catching up on our openness to the world, which we have done through the modernization of various agreements. And here, of course, led by the Ministry of Economy, which has the constitutional responsibility to form work teams, negotiating teams led by the owner of this unit precisely for the modernization of these agreements. There is the North American agreement, the TPP, the European Union, the Pacific Alliance, the beginning of other negotiations with other countries, but the most important one is undoubtedly the one with North America".

President Peña Nieto reiterated his acknowledgement,  "Of what everyone, the government and private sector, and negotiators, have done to ensure that this trade liberalization, and the most important agreement Mexico has signed with any region in the world, will reach an point of understanding”.

"This would not have been possible without the highly committed participation of the negotiating teams,” he declared.

"They are a professional, trained team, with extensive experience; they are aware of the subtleties that can be inserted into an agreement," he added.

The president also thanked, “The entire private sector, for its great commitment to Mexico, its loyalty to this economic project of our country that today has charted a route towards a much more promising horizon, thanks to what has been achieved”.

He also thanked Jesús Seade Kuri, a member of the transition team.

“I would like to thank the President-elect of Mexico, Mr. Andrés Manuel López Obrador, because he showed great openness, especially to have as much communication as necessary, to really establish a common front,” he declared.

He added that "there were no major differences, there were different points of emphasis between what the government had been negotiating and the vision of the next government, which were incorporated into this negotiation, which allowed us, first, to show the United States. and Canada a single front, a single face of two governments, one outgoing and the other incoming; we showed a very coordinated common front, seated at the table as representatives of Mexico and acting on behalf of Mexico, and thinking about the future of Mexico".

“I am pleased that Mexico today has established this path of greater certainty, which is part of this openness that Mexico decided to show to the world 30 years ago, when our main export product was oil and raw materials, metals and minerals. That's where almost 80 percent of our exports were concentrated,” he said.


Secretary of Economy, Ildefonso Guajardo Villarreal, pointed out that that meeting was attended by all those who, throughout President Peña Nieto's term of office, have reached consensus on the trade policy initiatives that the Administration has led, and that will undoubtedly leave, “the most important and historical brand in the 21st Century of the trade policy vision of the Mexican president, opening doors to the four major regions of the world”. 

He declared that the new understanding, the new T-MEC agreement clearly includes very important issues in labor rights, environmental rights, anti-corruption actions, programs for small and medium businesses that did not feature in the past 20 years, and which, thanks to the reforms of the President of Mexico, will increasingly be incorporated.

He said that challenges such as the negotiation of the T-MEC can only be faced with state leadership, which was provided by the president. “You had the ability to be able to process this relationship with just the right balance, without getting caught up in rhetoric and maintaining the level of dignity for this great country, which is Mexico, which provided us with scope for negotiation. Without that space, Mr. President, no matter how good a business negotiation team is, there would have been no results and, for that, we thank you for your leadership in this process,” he said.

He added that the contribution made by the government of President Peña Nieto with the T-MEC agreement, “Not only has a dimension in terms of achieving a trilateral agreement. It undoubtedly provides a starting point to analyze and rearrange the international trade system. Today the T-MEC is rethinking the terms of the agreement in response to a changing world and clearly different positions,” he concluded by saying.


Secretary of Foreign Affairs, Luis Videgaray Case, recalled that, “On the night of November 8, 2016, an astonished world entered a stage of enormous uncertainty. People everywhere were wondering what would happen with the election of Donald Trump, and what the consequences would be for the world and the United States”.

He said that, “Today, almost exactly two years later, we can say that Mexico is in a position of renewed strength and, above all, that the strategy of President Enrique Peña Nieto has worked for the benefit of Mexico”.

He said that the path chosen by the President of Mexico was, “One of dialogue, serenity, diplomacy, discipline and betting on a technical solution to negotiation”.

He pointed out that today, 25 days before the end of the Administration, thanks are due to the president: "You have acted well, always putting the interest of Mexico above personal interest, beyond political calendars, beyond the levels of presidential approval, taking risks and assuming costs. You have put Mexico today in a position that was unimaginable less than two years ago, it has made the commercial relationship between Mexico and the United States one of our greatest strengths for the future”.


President of the Business Coordinating Council (CCE), Juan Pablo Castañon Castañón, expressed his gratitude and recognition “to all the members of the Mexican negotiating team, and to all the team in the room next door”.

He said that “The work that we have all done leaves us with two fundamental legacies: first, a good instrument, a good agreement for the upcoming generations in Mexico. Second, a lesson for the country, which has shown that, if we do things together, in unity, with the public and private sector, with clear principles and we do so generously, we achieve objectives”.

He declared that the T-MEC, “Will strengthen Mexico's position on the world, bring more investment opportunities, promote employment for Mexicans and allow North America to be integrated and consolidated as the world’s most attractive region to invest and do business in. If we make the right decisions for the future, we will be the most competitive region in the world”.

    “Today we have a region that has the possibility of being stronger, because the three countries have reached an agreement that will enable us to continue integrating our economy. Today we have a mechanism that strengthens  Mexico because we have learned that together we work better and achieve more,” he said.