President Obama Holds a Press Conference with President Peña Nieto of Mexico, May 2, 2013

The President:

“The United States and Mexico have one of the largest economic relationships in the world. Our annual trade has now surpassed $500 billion — more than $1 billion every day. We are your largest customer, buying the vast majority of Mexican exports. Mexico is the second largest market for U.S. exports. So every day, our companies and our workers -— with their integrated supply chains —- are building products together. And this is the strong foundation that we can build on.

I want to commend President Peña Nieto and the Mexican people for the ambitious reforms that you’ve embarked on to make your economy more competitive, to make your institutions more effective. And I know it’s hard, but it’s also necessary.

Ultimately, only Mexicans can decide how Mexico reforms. But let me repeat what I told the President — as Mexico works to become more competitive, you’ve got a strong partner in the United States, because our success is shared. When one of us prospers, both of us prosper. And that’s the context for the progress that we made today.”

Full text: http://1.usa.gov/1373W2Y

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