Mexico's Trade Policy Shift: A Call for Diversification and Competitiveness

Mexico's trade policies have failed to ensure economic stability and growth, despite implementing open economic and trade policies in the 1980s, stated former Foreign Affairs Minister Fernando Solana Morales. With globalization, the country needs to redefine its role in the world of trade, shifting its focus from the United States to other Asian nations, including China. Solana emphasized the importance of redefining Mexico's relationship with the US, particularly regarding migratory agreements. As a result, Mexico has fallen in the list of competitive nations, from 32nd to 47th, highlighting the need for new policies and leadership.

Key Takeaways:

Mexico's trade policies in the 1980s failed to ensure economic stability and growth, according to former Foreign Affairs Minister Fernando Solana Morales.
The country needs to redefine its role in the world of trade and shift its focus from the US to other Asian nations, including China.
Mexico has lost competitiveness, falling from 32nd to 47th spot in the global competitiveness list.
The country lacks leadership and a development policy, investment, and infrastructure, hindering its growth.
Solana emphasized the need to redefine Mexico's relationship with the US, particularly regarding migratory agreements.
The former minister praised the creation of a Free Trade Agreement (FTA) between Mexico and Japan.
Solana highlighted the importance of establishing new policies towards Asian nations and viewing China as a trade partner, not a threat.

Statistics:

Mexico's trade policies failed to ensure economic stability and growth despite implementing open economic and trade policies in the 1980s.
Mexico has fallen from 32nd to 47th spot in the global competitiveness list.
The country lacks leadership and a development policy, investment, and infrastructure.
Solana emphasized the need for Mexico to redefine its relationship with the United States, particularly regarding migratory agreements.

Sources:

[El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX]