Charlie Rose Talks to Mexican President Enrique Peña Nieto

Mexico’s president is going through a sophomore slump as his country makes over its energy and telecom industries

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By Charlie Peete Rose

July 3, 2014 at 10:09 PM UTC

This article is for subscribers only.

This article is part of the July 7, 2014 issue of businessweek.

Charlie Rose Talks to Mexican President Enrique Pe??a Nieto — “The U.S. sells to our country almost the same as it sells to all the European Union, five times what it sells Brazil”Photograph by Jason Alden/Bloomberg

Characterize the relationship today between the United States and Mexico.
Our economies are well integrated. Each dollar Mexico exports to the U.S. has a content of American production of 40¢. About 80 percent of our exports go to the United States. Mexico is the second most important destination of U.S. exports. What does this mean? The U.S. sells to our country almost the same as it sells to all the European Union, five times what it sells Brazil. More than what it sells together to Brazil, Russia, China, and India.