On December 2, 2012, one day after president Enrique Peña Nieto’s inauguration, the federal government of Mexico and the leaders of Mexico’s three main political parties gathered and signed the Pact for Mexico. This agreement is of historic significance for Mexico. It has already played a key role in empowering an agenda of structural reforms that have long been necessary to improve the productivity, competitiveness and flexibility of the country’s economy. The Pact for Mexico further establishes the foundation for economic expansion that will substantially increase living standards for all Mexicans.
The Pact for Mexico sets aside political differences to advance a common agenda for Mexico with a clear objective: increased growth and development. In just this first year of President Peña Nieto’s presidency, the Pact for Mexico has had a substantial impact on most areas of our economy and society. For example, our Constitution and several laws have been amended and updated, strengthening Mexico’s legal framework, while at the same time improving the competitive advantages of the economy.
