Washington, D.C. - The White House announced that President Barack Obama will host Mexican President-elect Enrique Peña Nieto on Tuesday, November 27th.

"The President looks forward to meeting Peña Nieto and hearing about his vision for leading Mexico over the next six years," said White House press secretary Jay Carney in a statement on Monday.

"The plan is to discuss a broad range of bilateral, regional, and global issues during their meeting," stated the press secretary. "President Obama welcomes the opportunity to underscore the shared values and strong bonds of friendship between the US and Mexico."

"The United States remains committed to work in partnership with Mexico to increase economic competitiveness in both countries, promote regional development, advance bilateral efforts to develop a secure and efficient 21st Century Border, and address our common security challenges," Carney added.

Peña Nieto, will bring Mexico's Institutional Revolutionary Party back to power after 12 years when he takes office just a few days after the visit, on December 1st. He has pledged to push for major economic reforms, including overhauls of energy and tax laws.

The two are likely to discuss anti-drug policies, as Latin American countries have begun to question the effectiveness of the four decade US backed war on drugs and the recent legalization of recreational marijuana usage in Colorado and Washington state.

Trade is also a likely agenda item, as the Obama administration seeks to expand business opportunities for US firms in Mexico and the region.