BR100 Increased By (1.77%)
BR30 Increased By (2.16%)
KSE100 Increased By (1.9%)
KSE30 Increased By (1.92%)
BECO 5.73 Increased By ▲ 0.02 (0.35%)
BML 58.99 Decreased By ▼ -0.68 (-1.14%)
BOP 36.58 Increased By ▲ 0.85 (2.38%)
CNERGY 8.40 Increased By ▲ 0.12 (1.45%)
DCL 11.89 Decreased By ▼ -0.24 (-1.98%)
FCCL 57.58 Increased By ▲ 0.19 (0.33%)
FCSC 5.44 Decreased By ▼ -0.08 (-1.45%)
FFL 18.13 Increased By ▲ 0.10 (0.55%)
FNEL 1.35 No Change ▼ 0.00 (0%)
HUMNL 11.72 Increased By ▲ 0.06 (0.51%)
KEL 8.23 Increased By ▲ 0.16 (1.98%)
KOSM 6.26 No Change ▼ 0.00 (0%)
MLCF 98.70 Increased By ▲ 0.57 (0.58%)
NBP 206.98 Increased By ▲ 8.65 (4.36%)
PACE 11.73 Decreased By ▼ -0.04 (-0.34%)
PAEL 43.78 Increased By ▲ 0.69 (1.6%)
PIAHCLA 28.02 Increased By ▲ 0.67 (2.45%)
PIBTL 17.79 Decreased By ▼ -0.17 (-0.95%)
PPL 235.89 Increased By ▲ 3.11 (1.34%)
PRL 36.17 Increased By ▲ 0.48 (1.34%)
PTC 68.40 Increased By ▲ 0.82 (1.21%)
SEARL 96.30 Increased By ▲ 2.02 (2.14%)
SSGC 30.43 Increased By ▲ 2.77 (10.01%)
TELE 9.40 Increased By ▲ 0.21 (2.29%)
THCCL 70.11 Decreased By ▼ -0.48 (-0.68%)
TPLP 11.82 Increased By ▲ 0.45 (3.96%)
TREET 25.54 Increased By ▲ 0.12 (0.47%)
TRG 69.48 Increased By ▲ 0.63 (0.92%)
WAVES 11.48 Increased By ▲ 0.23 (2.04%)
WTL 1.30 Increased By ▲ 0.01 (0.78%)
World

Mexican president says ready to work with Trump

Published November 9, 2016 Updated November 9, 2016 03:14pm

imageMEXICO CITY: Mexican President Enrique Pena Nieto said Wednesday he was ready to work with Donald Trump, extending a hand to the US president-elect despite his vitriolic attacks on immigrants from Mexico.

Trump's victory shocked Mexicans, who were angered by the Republican billionaire's description of migrants as rapists and drug dealers.

His defeat of Democrat Hillary Clinton in Tuesday's election caused the peso to plunge to an all-time low due to fears that Trump will go through with promises to upend economic ties with Mexico.

"I congratulate the US on its electoral process and reiterate to @realDonaldTrump my willingness to work together in favor of bilateral relations," Pena Nieto said on Twitter.

"Mexico and the US are friends, partners and allies who must continue collaborating for the competitiveness and development of North America."

Pena Nieto had angered Mexicans by inviting Trump to his official residence in Mexico City in August and not forcefully condemning his comments against migrants.

Trump has vowed to make Mexico pay for a massive border wall and

renegotiate the North American Free Trade Agreement (NAFTA), while pledging to deport millions of undocumented immigrants and threatening to freeze billions in remittances that migrants send to their families back home.

Finance Minister Jose Antonio Meade, meanwhile, said the country's economy was robust enough to cope with the market upheaval caused by Trump's victory.

"Mexico has lived through challenges of volatility in the past that we faced with unity, seizing on our economic strength and taking correct and prudent policy decisions, and this won't be an exception," Meade said at the National Palace.

Meade noted that the election has no immediate impact on trade, financial flows and people's ability to travel. Mexico, he added, has inflation under control, deep international reserves totalling $175.1 billion and macroeconomic stability.

Meade said the strength of public and private financial institutions allowed the government to avoid taking "premature actions that move ahead of events that we don't know about at the moment."

Copyright AFP (Agence France-Presse), 2016

Comments

Comments are closed for this article.