UN General Assembly
1990

We consider it an absolute priority to maintain strict fiscal discipline, as the size of the public deficit defines the margins for action to stabilise the economy and carry out structural reforms. Mexico once had one of the world's most closed economies; now it has one of the most open. The transition to stability seeks rapid trade liberalisation and effective deregulation essential if we are to boost the efficiency of the production apparatus, bring domestic prices into line with those of other countries and stimulate technological change. Mexico took the opportunity to negotiate a reduction in the servicing of its foreign debt, and this has made the country's prospects more secure. We also privatised non-strategic enterprises - doing so in stages - to maximise public revenues end secure the State's ability to meet its prime responsibilities. Mexico promotes foreign investment by permitting access to broader areas of the economy and by providing the essential legal security. Today new forms of association between Government and exporters are making it possible to penetrate and hold markets.