Close markets, the biggest risk for the Pacific Alliance: Guajardo



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Ildefonso Guajardo, Secretary of the Economy of Mexico, said the biggest risk to the economies that make up the Pacific Alliance is the closing of markets and the imposition of tariffs on products that hinder economic exchanges.

"The biggest risk for Mexico today is not to modernize and reach a new NAFTA, for example, our biggest risk is that, if we do not have a new NAFTA, we will not succeed, our national forces, our national businessmen will be confused and then we find in a regression of 20 years the process of openness and integration, that is we are backing away our savings, it's the biggest risk, "Guajardo replied to the question of Juan Pablo Castañón, president of Mexico's Business Coordination Council (CEC), about the Alliance's forces facing a world War.

Similarly, the Secretary of Economy stated during his participation in the XIII Summit of the Alianza del Pacífico in Puerto Vallarta, Jalisco, that during the period 2017-2018, tariff actions around the world have doubled. economic operations have been hindered.

Guajardo said that before the economic policy led by Donald Trump, Chile, Colombia, Peru and Mexico, members of the Pacific Alliance, have a challenge to open markets and to avoid affecting the "poor".

"Let us be clear that governments of central origin, right or left, there is no one who suffers more with closed economies than the poor," said Guajardo.

Opening plenary session: Perspectives of the Pacific Alliance in the Economic and Trade Environment, during which Guajardo took the floor, Rodrigo Yañez, Director General of DIRECON , Ministry of Foreign Affairs of Chile, also participated; María Lorena Gutiérrez, Minister of Commerce, Industry and Tourism of Colombia; Roger Valencia, Minister of Foreign Trade and Tourism of Peru, and as moderator acted as President of the CCE.

For Roger Valencia, Minister of Foreign Trade of Peru, the Pacific Alliance is one of those integration mechanisms that allows us to reverse the growing protectionism that is present in the world. International environment.

"Support for trade openness has been reduced and it is in reflection, the measures that limit the flow of goods and services and people have increased since 2010 … before this trend, the Countries that form the Pacific Alliance have maintained this calling for unity and openness, facilitation and certification, "said Valencia.

The combined GDP of Chile, Mexico, Colombia and Peru, countries that make up the Pacific Alliance, rose to more than $ 17.1 billion in 2016; and these countries attracted 41% of total foreign direct investment in Latin America in the same year.

In addition, the members of the transitional cabinet of Andrés Manuel López Obrador, virtual president-elect of Mexico, are present at the summit. who gave up his participation because his appointment as Mexico's chief executive officer was not formalized.
Jesús Seade, chief negotiator of the North American Free Trade Agreement (NAFTA), Yeidckol Polevnsky, national president of Morena, Marcelo Ebrard, the next Mexican minister of Foreign Affairs and Graciela Orozco, propose to lead the ministry of the Economy. the meetings.

According to statements by Ildefonso Guajardo, the NAFTA 2.0 negotiations will resume on Thursday, July 26. At this table, Marcelo Ebrard and Jesús Seade are expected.

On July 13, López Obrador sent a letter to President Trump asking him to conclude the renegotiation of NAFTA to avoid the uncertainty that this generates in the Mexican economy.

With the information of Daniel Blanco

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