U.S. President Barack Obama met with his Mexican counterpart, President Enrique Peña Nieto, in Mexico’s Palacio Nacional on Thursday to discuss trade and economic partnership between the two countries. This was Obama’s fourth trip to Mexico but his first under Peña Nieto’s tenure.
Both heads of state agreed to form a high-level working group to expand the countries’ trade agreements with Asia because of its fast-growing import and export market. “By working closely together to upgrade and revamp our trade relationship, we’re also in a position to project outward and start selling more goods and services around the world,” Obama said. “And that means more jobs and more businesses that are successful in Mexico and in the United States.”
Both the U.S. and Mexico had estimated trade of up to $500 billion in 2012, are members of the North American Free Trade Agreement (NAFTA) with Canada, and are participating in the Trans-Pacific Partnership (TPP) negotiations that Japan has recently joined.
Obama briefly mentioned the U.S.’ effort to overhaul its immigration system and said that he was “optimistic that we’re finally going to get comprehensive immigration reform passed.” Obama said that the bill contains elements that he approves of, but that the bill is likely to be amended before it is passed. Peña Nieto responded by saying that “Mexico understands this is a domestic affair for the United States.”
Today, before meeting with Costa Rican President Laura Chinchilla, Obama is scheduled to make a speech at the Museo Nacional de Antropología (National Anthropology Museum) in Mexico City and meet with young people to highlight the importance of the historical and cultural ties between the U.S. and Mexico. On Saturday, Obama will meet with other Latin American leaders from the Sistema de la Integración Centroamericana (Central American Integration System—SICA), including leaders from Nicaragua, Belize, Panama, Guatemala, El Salvador, Honduras, and the Dominican Republic.
For further coverage of Obama’s visit to Latin America, visit AQ’s in-depth page.