Mexico inaugurates new leader
Andres Manuel Lopez Obrador took the oath of office last weekend as Mexico’s first leftist president in more than 70 years, marking a turning point in one of the world’s most radical experiments in opening markets and privatization.
In his first speech to Congress, Lopez Obrador pledged “a peaceful and orderly transition, but one that is deep and radical ... because we will end the corruption and impunity that prevent Mexico’s rebirth.”
Mexico long had a closed, state-dominated economy, but since entering the General Agreement on Trade and Tariffs in 1986, it has signed more free trade agreements than almost any other country and privatized almost every corner of the economy except oil and electricity.
Now, though, Lopez Obrador talks a talk not heard in Mexico since the 1960s: He wants to build more state-owned oil refineries and encourages Mexicans to “not to buy abroad, but to produce in Mexico what we consume.”
The first foreign dignitaries whom Lopez Obrador greeted were Vice President Mike Pence and first daughter Ivanka Trump.
He faces a challenge with a caravan of thousands of Central American migrants camped out on the border, which Trump had threatened to close to keep them out.
Lopez Obrador said he wanted to reach an agreement with the governments and companies in the U.S. and Canada to develop Central America and southern Mexico, so people wouldn’t have to migrate — “to address in that way, and not with coercive measures, the migration phenomenon.”
That appeared to be an acknowledgment that Mexico is prepared to house immigrants waiting to make asylum claims in the United States in exchange for U.S. development aid.