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 News Around the Republic of Mexico | December 2005 
Mexico Rejects Morales Plan
 AP
| | The new Bolivian leader says he may seek investment from Pemex. |
Mexico City — Foreign Relations Secretary Luis Ernesto Derbez said on Tuesday that while the Mexican government supports Bolivian president-elect Evo Morales, it does not support his idea of creating a Latin American trade bloc against the United States.
"We aren´t going to say we are against what he (Morales) proposes, but we will oppose this type of blocks or trade structures," Derbez said in a radio interview. "I think they don´t belong in the twenty-first century we are living in," he said, adding that Mexico is pleased by the consolidation of democratically-elected governments in Latin America, including Bolivia.
"We have to support the strengthening of democratic institutions in (Morales´) country, and assure that it has greater possibilities for economic development," Derbez said.
After winning more than 50 percent of the vote in Bolivia in Sunday´s election, Morales said in an interview in Bolivia with EL UNIVERSAL on Tuesday that he had received congratulatory calls from other Latin American presidents and Spain´s Rodríguez Zapatero, but that President Vicente Fox had not called.
Morales told EL UNIVERSAL that the Andean nation´s oil reserves belong to the government, but that private investors would be entitled to "recover their investment" by taking half of the profits generated by the exploitation of the natural resource.
Morales said he will negotiate investment opportunities with other state-run oil entities such as Mexico´s Pemex, Venezuela´s PDVSA and Brazil´s Petrobras and added that private foreign investment is also welcome.
However, Morales said he will develop Bolivia´s internal natural gas market before looking to export the resource. |
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