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José Antonio Meade Kuribreña

MEXICO - Diplomacy

Both Near & Abroad

State Secretary of Finance & Public Credit, Mexico

Bio

José Antonio Meade Kuribreña received a degree in economics from the Instituto Tecnológico Autónomo de México (ITAM), a law degree from the Universidad Nacional Autónoma de México (UNAM), and a PhD in Economics from Yale University. He has worked as a professor at ITAM and Yale University, and also served in various positions in the finance sector, as well as being a former Secretary of Energy. He is currently the Secretary of Finance and Public Credit.

What is the core of Mexico’s foreign policy and how has the secretariat been working to make Mexico’s voice heard amongst multilateral institutions and organizations worldwide? Mexico’s foreign policy is […]

What is the core of Mexico’s foreign policy and how has the secretariat been working to make Mexico’s voice heard amongst multilateral institutions and organizations worldwide?

Mexico’s foreign policy is guided by a firm belief of the country’s right to self determination. Within this basic premise, our foreign policy has been guided by the protection of human rights, free trade, and the pursuit of global solutions to global problems. Because of our history, culture, and geography, Mexico has always been a country open to the outside world. We firmly believe that our integration with the rest of the world will translate into higher welfare for our citizens. Mexico has 13 free trade agreements (FTAs) in force, giving us privileged access to 44 different countries. Our foreign trade in 2012 reached a record $740 billion, accounting for two-thirds of our GDP. This is not random; it is a consequence of a shift in our economy over the past 20 years, which has moved from an oil-dependent, import-substitution scheme to an open market in which manufacturing accounts for over 80% of our total exports. I firmly believe that our foreign policy should work toward the creation of new economic opportunities, and we are working steadily on different fronts. We are in negotiations to build a free trade area with Chile, Colombia, and Peru within the Pacific Alliance. The Pacific Alliance will be a regional platform to promote closer ties with the South Pacific area. Mexico has been participating in the negotiations of the Trans-Pacific Partnership since October 2012. We have been extremely successful in achieving increased trade volumes with our North American partners. We are also ready to seek new opportunities in those markets in which we have a limited exchange, but that will certainly drive the shape of the world economy in the following decades. Mexico has always been a strong advocate of international institutions as facilitators of global dialogue. Our strength in multilateral institutions derives, I believe, from our non-ideological approach and our desire to be pragmatic and consensus building. It is also derived from our willingness to shoulder our share of responsibility in global governance. Some recent examples are our participation in the UN Security Council in 2009-2010, the hosting of the UN Climate Change Conference in 2010, and the G20 chairmanship during 2012.

In what ways will the new administration be pursuing a more modern and proactive approach to foreign policy?

President Peña Nieto established five clear axes for his government: security, education, prosperity, inclusiveness, and global responsibility. The fifth component, ensuring that Mexico acts responsibly in the global arena, falls squarely in the realm of foreign policy. It calls for Mexico to be an active participant in finding solutions to short-, medium-, and long-term global challenges. It implies that in the bilateral, regional, and multilateral arenas, Mexico’s positions must be in accordance with the search for a better world for all. Our foreign policy, however, goes beyond being a responsible global actor. In fact, foreign policy must be geared toward the achievement of all five axes of government and not only the last one. To that end, we foresee four main pillars for our foreign policy strategy: our bilateral, regional, and multilateral policies; our overseas development assistance policies; our policies to promote Mexico in the economic, cultural, and tourism arenas; and our policies aimed at protecting Mexicans and Mexican interests outside of our territory. As I mentioned above, our foreign policy must leverage our domestic policies. Our offices abroad will be extremely useful in achieving our goal. Mexico has the largest network of consulates in the US; actually, it is the largest consular network that any country has in another single nation: 50 offices spread from Anchorage to San Diego and from San Juan to Boston. We also have 75 embassies and 16 consulates distributed throughout the world. President Peña Nieto recently addressed our diplomatic corps and instructed ambassadors and consuls to get directly involved in this institutional effort to promote Mexico as a destination for business and travel. The goal is to engage our diplomats in regular actions of public diplomacy that reach wider audiences. As head of the Secretariat, I will personally coordinate this endeavor, which I am sure will be successful in the medium term. On a parallel track, we are committed to the adoption of increasing actions toward cooperation for development. The Mexican government recently set up its own Agency for International Development, which has proved to be a tremendous help in coordinating the international aid that Mexico offers to third-party countries. We have taken part in different projects throughout Central America and the Caribbean, in which Mexico has financed or offered technical support in the design and implementation of several programs. These include constructing hospitals and markets in Haiti, supplying electricity to our partners in Guatemala and Honduras, and modernizing border crossings in Panama and Costa Rica. We strongly believe that as Mexico’s economy grows, we must help our neighbors and friends bring about further opportunities for development.

How important are collaborative efforts between Mexico and other Central American countries to strengthening the region, and what initiatives are you undertaking to improve relations?

Central America and the Caribbean region are of the utmost priority for Mexico’s presence abroad. Historical, social, and economic ties link Mexico to the region and, therefore, Mexico has assumed its political commitment to be an important player in all cooperation and development issues in the region. Our countries share common challenges, and we can also find joint solutions if we work together under a framework of mutual responsibility. Certainly, much of the focus has shifted lately to security and immigration issues, but there is a large threshold of opportunity in the economic, social, and development fields that should be reinforced and promoted. As an example, since 2008, under Mexican leadership, the Mesoamerica Project unites 10 countries (Guatemala, El Salvador, Belize, Honduras, Nicaragua, Costa Rica, Panamá, the Dominican Republic, Colombia, and Mexico). The purpose of this mechanism is not to create a new bureaucratic body, but a platform to find solutions in eight main areas of action. Moreover, in 2011, during the last Tuxtla Summit, Mexico set up the Yucatán Fund, which provides resources through innovative financial schemes to support the development and integration strategy in the region. With an initial endowment of $160 million, Mexico was able to provide resources to three infrastructure projects in Honduras, Nicaragua, and Belize. The current portfolio presented by the Mesoamerican countries is increasing and Mexico will continue its financial and technical support as long as the projects fulfill two requirements: they must have a strong social impact, and they should also consider a regional spillover of benefits. Mexico wants to become a beacon in the cooperation for development field in the region. We are committed to sharing our best practices and institutional development experiences with those countries that share common problems with us. And we are also working on more traditional cooperation stages; for instance, we want to increase the number of grants and scholarships for Mesoamerican students to come and study in Mexico.

What is your outlook for 2013?

I am very optimistic about Mexico’s potential for this year. Our macroeconomic stability, strong institutions, and dynamic private sector place us in a most favorable spot to take advantage of both internal and external opportunities. Even though 2013 will likely still be marked by the legacy of the economic downturn of 2009-2010, a period of increased global stability looks more likely than not. There are of course still challenges ahead and we should all work to ward them off. The US’ long-term solution to its fiscal challenges and the stability of the eurozone are still the main sources of potential risk. However, progress has been made on both fronts. Authorities in the US are keenly aware of what is at stake and Congress and the administration are working together to reach a lasting solution. Along the same lines, the European Commission and European Central Bank, as well as all national European governments, have been most responsible in taking appropriate action to contain the contagion from crisis countries. European leaders have proved with concrete actions that the European project remains worthy and alive. Mexico thus faces an external environment that can be supportive of reasonable economic growth rates in the coming years. The extent to which we take advantage of these conditions will be determined in part by our ability to resolve long-standing structural issues that have held back our potential. The signals we are seeing from different actors indicate that the right conditions can be found to advance.

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