Open markets, essential to boost the economic recovery

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Mercados abiertos, fundamental para impulsar la recuperación económica

In an environment marked by the global economic slowdown, the preservation of open markets is essential to boost the economic recovery, especially when a large percentage of the Gross Domestic Product of a country is related to trade, as indicated by the Minister of Economy, Mr. Bruno Ferrari to the 10 countries comprising the Trans-Pacific Partnership Agreement.

During the lunch offered to start the intersessional meeting of the Trans-Pacific Agreement, the Minister of Economy emphasized the importance of this Agreement as a platform to facilitate and improve the business environment in our country through disciplines that provide a greater certainty in areas included in the negotiation, such as regulatory improvement, development, trade facilitation and support to small and medium sized enterprises (PYMEs).

Before the representatives of the United States, Chile, Peru, Vietnam, Malaysia, Singapore, Brunei, Australia, New Zealand and Canada, Mr. Ferrari said that Mexico recognizes the importance of promoting the international trade and the investment to contribute to the objective of achieving a sustained economic growth and a long-term sustainable development.

During its participation, he also said: “Protectionism has not gained ground in Mexico. Not only we have avoided restriction measures of trade that supposedly “protect” our market, but we have negotiated and implemented new trade agreements as a more open economy is good for producers because they can have the best quality inputs with the best prices for them and the consumers, as they can have a greater variety of products at the better prices”.

He also considered that trade barriers have adverse effects on the economy and harm consumers due to they increase the price of imports and domestic products, and limit the consumer choice. 

The Minister of Economy emphasized the importance of developing creative strategies for a balanced and sustainable growth based on the promotion of better business opportunities that generate more jobs, reduce the poverty and inequality and generate a larger development.

He considered that: “The current economic crisis and the challenges of the future demand our ability to work together. Global challenges must be addressed collectively and strategically, despite the individual efforts made by countries, which are still very important and could make the difference”.

In his message, he referred to the structural reforms performed by Mexico to mitigate the short-term effects of the international economic crisis, which had allowed creating a better business environment and enhancing the competitiveness of the economy.

In this regard, he said that an ongoing process of revision of the regulations had been implemented in order to achieve a better regulatory framework that provided the foundations for a strong and dynamic economy.

He also said that the administrative burden had been reduced to start a business, and a program to simplify foreign trade had been launched including a website that allows doing procedures of foreign trade electronically.

On his part, Undersecretary of Foreign Trade of the Ministry of Economy, Mr. Francisco Rosenzweig, emphasized that the discussion topics of the intermediate meeting are based on two chapters in which Mexico have wide experience and leadership, such as the regulatory consistency and development.

The meeting in Los Cabos prepares the way towards the fifteenth round of the TPP, which will take place from 3 to 12 December in Auckland, New Zealand, and in which at least 25 negotiating active tables will be met.  

On October 8 of the current year, Mexico formally joined the TPP negotiations.

At present, the TPP is the most relevant and ambitious plurilateral trade negotiation internationally, not only because the participation of eleven trade partners that involve a 30% of the global GDP, 19% of exports, 22% of the world imports and 10% of the world population, but by the product coverage and the disciplines included.

Intercessional working rounds of the Trans-Pacific were inaugurated

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Inauguran trabajos de la ronda Intersesional del Acuerdo de Asociación Transpacífico

Before the representatives of 10 delegations comprising the Trans-Pacific Partnership Agreement (TPP), the Government of Mexico opened the intersessional working rounds at Los Cabos, Baja California Sur, where issues related to the improvement of regulatory practices and development will be analyzed.

The starting of this round marks the inclusion of Mexico and Canada, two of the countries who has joined to the TPP recently, as well as the preparation of the way to be followed to the next formal round of agreements to be held in New Zealand.

Undersecretary of Foreign Trade of the Ministry of Economy, Mr. Francisco de Rosenzweig, said that the incorporation of this negotiating process to our country was recognition to the importance of the strategic role that Mexico has as the biggest economy of Latin America in the Pacific Basin, as well as an investment destination and commercial partner.

He said in the opening: “We are working diligently to analyze the texts and make a positive contribution to the negotiation as in Mexico as in New Zealand where negotiation will take place during the next weeks”.

Before the representatives of United States, Chile, Peru, Vietnam, Malaysia, New Zealand and Canada, as well as representatives of the Mexican private sector, Undersecretary of Economy emphasized that Mexico has expressed strongly against protectionism, while it has struggled to the markets opening and the integration of economies, particularly in this time prevailing a complex global economic scenario.

He said that TPP for Mexico implies the possibility of starting its economic potential. He also emphasized that both, trade and commercial opening, represent tools that can help job creation and development.

Mexico participates in the II meeting of the Council of Ministers of the Pacific Alliance which took place in Cartagena de Indias, Colombia

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Ministers of Foreign Affairs and Foreign Trade of Chile, Colombia, Mexico and Peru participated today in the Second Meeting of Ministers of the Pacific Alliance at Cartagena de Indias, Colombia.

During the meeting attended by Minister of Economy, Mr. Bruno Ferrari, and Minister of Foreign Affairs, Patricia Espinosa, the Mexican Government announced from this date the abolition of visas for Colombian and Peruvian traveling to our country as visitors without permission for performing paid activities.

With this, Mexico is fulfilling the offer made by the President Mr. Felipe Calderon Hinojosa at Paranal, Chile, last June when the Framework Agreement, constitutive instrument of the Pacific Alliance, was signed.

With the decision adopted by Mexico, The Pacific Alliance takes a decisive step in its aspiration to be constituted as an area free of goods, capital, services and people circulation.

The measure practically establishes the Pacific Alliance as a space open to the legal, ordered and safe migratory flows among its members. It was possible for the Mexican Government to adopt this decision thanks to, as stated in the Paranal Declaration, the States constituted an early warning mechanism and interchange of information in real time to ensure that the maximum flexibility in matter of migration cannot be exploited for illegal purposes.

The abolition of the visa requirement for Peruvians and Colombians favors a large number of people entering to our country for periods less than six months and that not perform paid or gainful activities.

With this decision we can see a progress on the objectives to expand the tourism exchanges and promote the commercial relationships and investments in Mexico with its partners of the Pacific Alliance. Since a long time, Chilean were already exempt from the visa requirement to enter Mexico.

This is the result of the effort among Ministries, with the important leadership of the Ministry of Interior and the Ministry of Public Security, together with the Research and National Security Center and the Migration National Institute, as well as the security agencies of the countries of the Pacific Alliance.

Moreover, Ministers also reviewed the progress registered in matter of trade and integration, services and capital, as well as cooperation aspects between the four countries. In this latest entry, Ministers welcomed the recent publication of the call for academic exchange scholarship “Pacific Alliance” for students and, university degree and master degree professors.

Presidents of the Alliance’s countries held a Summit meeting next week at Cadiz, Spain, within the ambit of the Ibero-American Summit.

The Pacific Alliance comprises a potential market of over 200 million people; for Mexico, the countries of the Pacific Alliance represent the third destination of Mexican exports to the world.

In 2011, trade between Mexico and the Pacific Alliance was 12,500 million dollars, 30 per cent of the total trade with Latin America. In the same year, our exports to the Alliance increased 9 billion dollars and imports accounted for slightly more than 3,500 million dollars.

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México participa en la II reunión del Consejo de Ministros de la Alianza del Pacífico en Cartagena de Indias, Colombia (2)

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Ministers of Foreign Affairs and Foreign Trade of Chile, Colombia, Mexico and Peru participated today in the Second Meeting of Ministers of the Pacific Alliance at Cartagena de Indias, Colombia.

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México participa en la II reunión del Consejo de Ministros de la Alianza del Pacífico en Cartagena de Indias, Colombia (2)

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Ministers of Foreign Affairs and Foreign Trade of Chile, Colombia, Mexico and Peru participated today in the Second Meeting of Ministers of the Pacific Alliance at Cartagena de Indias, Colombia.

During the meeting attended by Minister of Economy, Mr. Bruno Ferrari, and Minister of Foreign Affairs, Patricia Espinosa, the Mexican Government announced from this date the abolition of visas for Colombian and Peruvian traveling to our country as visitors without permission for performing paid activities.

With this, Mexico is fulfilling the offer made by the President Mr. Felipe Calderon Hinojosa at Paranal, Chile, last June when the Framework Agreement, constitutive instrument of the Pacific Alliance, was signed.

With the decision adopted by Mexico, The Pacific Alliance takes a decisive step in its aspiration to be constituted as an area free of goods, capital, services and people circulation.

The measure practically establishes the Pacific Alliance as a space open to the legal, ordered and safe migratory flows among its members. It was possible for the Mexican Government to adopt this decision thanks to, as stated in the Paranal Declaration, the States constituted an early warning mechanism and interchange of information in real time to ensure that the maximum flexibility in matter of migration cannot be exploited for illegal purposes.

The abolition of the visa requirement for Peruvians and Colombians favors a large number of people entering to our country for periods less than six months and that not perform paid or gainful activities.

With this decision we can see a progress on the objectives to expand the tourism exchanges and promote the commercial relationships and investments in Mexico with its partners of the Pacific Alliance. Since a long time, Chilean were already exempt from the visa requirement to enter Mexico.

This is the result of the effort among Ministries, with the important leadership of the Ministry of Interior and the Ministry of Public Security, together with the Research and National Security Center and the Migration National Institute, as well as the security agencies of the countries of the Pacific Alliance.

Moreover, Ministers also reviewed the progress registered in matter of trade and integration, services and capital, as well as cooperation aspects between the four countries. In this latest entry, Ministers welcomed the recent publication of the call for academic exchange scholarship “Pacific Alliance” for students and, university degree and master degree professors.

Presidents of the Alliance’s countries held a Summit meeting next week at Cadiz, Spain, within the ambit of the Ibero-American Summit.

The Pacific Alliance comprises a potential market of over 200 million people; for Mexico, the countries of the Pacific Alliance represent the third destination of Mexican exports to the world.

In 2011, trade between Mexico and the Pacific Alliance was 12,500 million dollars, 30 per cent of the total trade with Latin America. In the same year, our exports to the Alliance increased 9 billion dollars and imports accounted for slightly more than 3,500 million dollars.

 

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Presentation of the ICT’s and competitiveness situation

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Microsoft, together with the Ministry of Economy and the World Economic Forum (WEF) emphasized the results of the Global Competitiveness Report 2012-2013, and the General Report of Information Technologies 2011-2012, which give information on the status of the Information and Communication Technologies (ICT’s) as well as the competitiveness in Mexico.

As part of the presentation of these results made by Beñat Bilbao-Osorio, Associated Director and Senior Economist for the Global Competitiveness Center of WEF, and Marisol Argueta de Barillas, WEF Director for Latin America, both emphasized the importance of analyzing the factors affecting the competitiveness of the country.

In the WEF Global Competitiveness Report 2012-2013, Mexico was ranking 53, five places better than last year among a total of 144 countries referred in the index.

The report pointed out that our country consolidated its positive trend of the last year with achievements in seven of 12 indicators, especially in that pertaining to the internal market, the macroeconomics soundness, the infrastructure and the business sophistication. It is emphasized the importance of working on the strengthening of the public institutions, the job market, the economic competition, education and the use of the ITC’s to drive improvements in productivity and innovation.

According to the Global Report of Information Technology 2011-2012, Mexico ranks 76 of 142 countries ascending two positions regarding last year. The report point out that “the Mexican Government has made important effort to increase the internet service and promote the civil involvement through useful and great quality web sites to give information and improve the government functionality”.

However, it notes that the country must continue working on the development of the ICT’s infrastructure (especially with regard to the broadband) for the benefit of people and business.

It also mentions that the development of a strong innovation system remains a pending challenge in the country to create an enabling environment for a greater impact of the ICT’s.

Juan Alberto González Esparza, General Manager of Microsoft México, said “we know that Mexico is a country of great opportunities so we are interested in promoting useful, productive and positive discussions with decision makers about the public policies, strategies and actions that our country need to promote or intensify to continue progressing in the competitiveness, as well as in the adoption and use of the ICT’s.”.

González Esparza emphasized that “Mexico is a transitional economy that is passing from being supported by low costs to base its development on innovation. That is why in Microsoft we are constantly worried and exercised in supporting the priorities of the national agenda, optimizing the use and exploitation of technologies to help accelerating this transition”.

This event is part of the actions taken by Microsoft as part of its Project “Elevemos Mexico” in order to promote a high-level dialogue to analyze and evaluate the proper strategies for further progress in the development and competitiveness of the country through a greater adoption, use and use of the Information and Communication Technologies.

Mr. Antonio Torre, Undersecretary for Competitiveness and Regulation of the Ministry of Economy, emphasized the importance of these indexes that put Mexico in a prominent position in the realm of the Latin America countries, and pointed out that this is the result of the joint work performed by the Federal Government and the productive sector of the country. 

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The European Union and six additional countries supported Mexico in its consultation before the WTO for subsidies to the textil and clothing sector from China

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SEIS PAÍSES Y LA UE RESPALDAN A MÉXICO EN SU CONSULTA ANTE LA OMC POR SUBSIDIOS AL SECTOR TEXTIL Y DEL VESTIDO POR PARTE DE CHINA

Ministry of Economy Mr. Bruno Ferrari, informed today that the World Trade Organization (WTO) accepted the Mexico’s request to carry out the consultations with the China Government asking for subsidies to its textile and clothing products.

He declared that Australia, Brazil, United States, Guatemala, Honduras, Peru, and the European Union have given its support to Mexico and formally requested to add themselves to these consultations.

In a press conference, Ministry of Economy said that it is planned to achieve these consultants during the third week of November at the central office of WTO. He said “In case these consultations are not able to solve the differences before December the 15th as established by the WTO, Mexico would be able to request the establishment of a panel in charge of solving the controversy”.

Mr. Ferrari ratified that Mexico is in favor of free trade and willing to compete in the international markets but in equal conditions. Therefore, this process was initiated because we are convinced that subsidies given by China to their textile and clothing products are not complying with the rules established by the WTO and induce an unfair competition that causes a great affectation to these important industries in Mexico.

On 15 October, Government of Mexico requested consultations with China on the WTO framework in order to find a negotiated solution to the unfair practices implemented by the Chinese Government. After over a year of works conducted by experts in foreign trade, subsidies and unfair practices, and with the support of the Camara Nacional de la Industria Textil (CANAINTEX) and the Camara Nacional de la Industria del Vestido (CANAIVE), a number of measures that the Government of China has adopted to support irregularly to its textile sector were identified. 

The Economy Minister explained that these measures implemented by the Chinese Government include exemptions or reduction of taxes, mainly income tax; preferential granting of goods and services such as row materials, land and electricity; and direct transference of funds as preferential loans, debt forgiveness and even through donations.

He said that it was identified that these subsidies are subservient to the exportation results or the utilization of national products with preference on the imported inputs, which is forbidden by the WTO regulations.

Mr. Ferrari pointed that the subsidies have caused that exportations of these goods gain space in the international markets, particularly in U.S., moving both the Mexican exports as those from other countries. 

He said that it is estimated that from 2001 to 2011, the Mexican exports of textiles and clothing to the United States were reduced from 9 thousand 829 million to 5 thousand 821 million dollars. It is to say, a decrease of almost 4 thousand million dollar in ten years. Also, the subsidies of the Asian country has provoked a reduction in prices of the U.S. market because these have been commercialized to lower prices in order to compete with the Chinese products.

That is why the Mexican government decided to take the case before the international instances and defend the Mexican textile products based on the regulations in matter of international trade.

The Ministry of Economy explained that the textile and clothing industry is a priority sector for the Mexican economy as it generates 400 thousand direct jobs, one million two hundred thousand indirect jobs, and they are an important part of the manufacturing sector.

Meanwhile, Mr. Sergio Lopez De la Cerda, President of the CANAINVE, and Mr. Moises Kalach Mizrahi, President of the CANAINTEX, emphasize the relevance of the adhesion of more advanced economies and other rising economies to the Mexico’s initiative as it proves the coincidence with the Mexican government to go on advancing in the globalization accomplishing with multilateral legal framework. 

They informed that the Mexican textile and clothing industries generate 10 percent of the manufacturing jobs and contribute to the regional development of entities such as Coahuila, Estado de México, Hidalgo, Jalisco, Puebla, Tlaxcala, Yucatán and Distrito Federal, among others.

Both chambers agreed that the restoration of the legality in the international competence is absolutely necessary for companies of this value chain continue their evolution process based on the innovation and fashion, and reiterated the implications of the actions taken by the government of Mexico through the Ministry of Economy to fight against the practices that have given a disadvantage to the domestic industry.

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The progress of Mexico in Doing Business 2013, as a result of the ongoing effort to improve the competitiveness of the country

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Los avances de México en el Doing Business 2013, resultado del esfuerzo contínuo por mejorar la competitividad del país

 

Mr. Bruno Ferrari, Minister of Economy, said that the progress made by Mexico in the Index of Ease Doing Business 2013 of the World Bank passing from ranking 53 to 48 among a total of 185 economies evaluated, is the result of the ongoing effort to improve the competitiveness conditions of the country.

Referring to the study disclosed yesterday, the Minister of Economy emphasized that the results giving Mexico a progress for the fourth consecutive year in the general ranking of this index, even beyond BRIC –China, Russia, Brazil and India – are a sign indicating that the necessary improvements are carrying out and, the regulations having a direct impact on the ease of doing business in the country are being improved.

He also said that the Doing Business 2013 results are added to those of other recognized studies published this year, such as the Global Report of Competitiveness of the World Economic Forum and the Global Annual of Competitiveness of the Institute for Management Development, where Mexico has improved its ranking on the evaluations, which demonstrates the continuous progress on the economic and social areas.

In a press conference, in which he was joined by the Under Secretary of Competitiveness and Regulation of the Ministry of Economy, Mr. Jose Antonio Torre, and the Under Secretary of Incomes of the Finance Ministry, Jose Antonio Gonzalez, Mr. Ferrari said that this progress includes the approval from the laws and the improvement in the opening of companies, the development in the coverage for the health and education services, and the growth of the productive infrastructure.

He also recall that the evaluation of this index is based on two types of data, which are the revision of laws and regulations as well as the number of procedures, costs and time required to support each indicator.

He said that in the 2013 edition, the World Bank used 10 indicators for the general composition of the index, such as the access to the Electricity service, the property registry, getting a credit, tax payments, an easy way to open a company and, the accomplishment of contracts.

Mr. Ferrari detailed that in this evaluation the “company openings” had the best performance when Mexico was measured, due to this indicator improved 39 positions getting the ranking 36.

He considered that a friendly regulatory frame has important consequences, both economy and day to day life for citizens, which is translated into the ability to bring foreign investment, the probability to include people and informal business to the economy, the possibility of increasing the collection rate of the different government organizations, the ability to provide more and better public services, and the probability of cultivating competition.

In his own right, Under Secretary of Competitiveness and Regulation of the Ministry of Economy, Mr. Jose Antonio Torre, was referred to other advances registered by the country, regarding construction licenses, obtaining of electricity, accomplishment of contracts, while the Under Secretary of Finance, Jose Antonio Gonzalez did the same in the business of Tax Payment.

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