New Mexican President Lopez Obrador promises oil sector clean-up

Ivan Schwartz
July 4, 2018

The Texas Association of Business was making plans Monday to travel with a large business and political delegation to either Mexico City or Monterrey this summer to meet with Lopez Obrador's transition team."We want to be very, very clear of our strong Texas-Mexico trade relations", said Jeff Mosely, CEO of the association, which a year ago formed the Texas-Mexico Trade Coalition to help lobbying efforts between both sides. He has also proposed a diversified approach towards commerce, recognising the risk of betting the country's economic fortunes on the US.

U.S. Commerce Secretary Wilbur Ross told CNBC that Mexico "needs some sort of an arrangement" given its dependence on American consumers and businesses, having shipped $314 billion in goods to the United States past year.

Lopez Obrador told the Televisa network Monday that he will respect the current team of negotiators, and let them continue representing Mexico until he takes office December 1, noting that he wants to have information on what's being discussed and "to help as much as we can". News reports say that more than 100 politicians were killed in the campaign leading up to Sunday's vote.

Mexico recorded about 29,000 killings previous year, the highest annual number since modern records started being kept two decades ago. That is what we always want to maintain with the USA government, that there be mutual respect. "We don't want war".

Lopez Obrador has promised to stop corruption in Mexico's government. She said the group, known as "gazelles", never acted as traditional bodyguards.

Former Mexico City mayor Obrador, who had already run for the presidency twice before, cast himself as an anti-establishment candidate prepared to crack down on corruption and to help the poor.

Glossop said Lopez Obrador's win is unlikely to influence monetary policy decisions this month.

That undertaking, famously carried out in post-apartheid South Africa, involves the creation of a commission tasked with exposing past wrongdoing by a government or others. I will govern honestly and justly, I will not fail you.

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The idea of an amnesty has divided voters, with a poll this year showing that more than 7 in 10 Mexicans rejected it.

That violence was on many minds as television stations carried live images of Lopez Obrador weaving through Mexico City's notoriously chaotic traffic in the front passenger seat of a compact auto that was at least five years old.

The victor of Sunday's presidential election doesn't need an absolute majority of the votes, just the most votes among the four candidates.

The Mexican public is ready for and wants a strong president who can protect Mexicans living in the United States, oppose Trump's wall and remind its northern neighbour that Mexico is a sovereign nation. "There is much to be done that will benefit both the United States and Mexico".

Of particular concern is the impact of possible drug legalisation, according to a State Department official.

In an interview with the Televisa news network, Lopez Obrador did not provide specifics on what an "understanding" with the Trump administration might look like, except to emphasize the need for mutual respect and co-operation between the two neighbours.

Trump shared a 30-minute phone call with Obrador, during which the two discussed trade, border security, and the possibility of a bilateral Mexico-U.S. trade deal.

Trump has been highly critical of Mexico's control of its border.

Other reports by GizPress

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