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Mexico to call for deeper economic integration at APEC Summit

Xinhua, November 14, 2015 Adjust font size:

Mexico will participate in the 33rd APEC Economic Leaders' Meeting in the Philippines on Nov. 18-19, with the intention of promoting "regional economic integration" among the 21 APEC members.

Mexican Economy Minister Ildefonso Guajardo explained at a press conference on Thursday that Mexico will seek to "promote the participation of SMEs in the regional and global economy, as well as seeking investment in human capital development and the construction of sustainable communities".

At the APEC summit, Mexican President Enrique Pena Nieto will share his vision for how the bloc can move forward in the next 20 years, including by ensuring more economic integration in the Pacific Rim.

Guajardo said that the APEC members represent 60 percent of global GDP and 49 percent of all international trade. Furthermore, Mexico depends on APEC members for 85 percent of its trade and for 56 percent of the foreign direct investment it receives.

He will also attend the Leaders Dialogue with the APEC Business Advisory Council (ABAC), in which private sector representatives will release their annual report, including their recommendations for how APEC's objectives can be achieved.

In an exclusive interview with Xinhua, Jorge Eduardo Navarrete, Mexico's former ambassador to the UN, China and the UK, said the APEC is an essential cooperation mechanism for the Pacific Rim.

"APEC has the advantage of being inclusive, different to other such groups which are more famous for those countries they leave out than those that are included," said Navarrete.

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