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Puerto Vallarta News NetworkBusiness News | April 2007 

Paulson to Meet Mexico's Calderon
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Treasury Secretary Henry Paulson discusses the Bush administration's plan to reduce the tax gap during an appearance before the Senate Finance Committee on Capitol Hill in Washington, Wednesday, April 18, 2007. (AP Photo/Dennis Cook)
U.S. Treasury Secretary Henry Paulson will travel to Mexico City next week to meet with President Felipe Calderon and other top government officials to underscore his support for their economic policy agenda.

The Treasury said in a statement that Paulson's agenda for April 24 includes meetings with Mexican Finance Minister Agustin Carstens and Foreign Affairs Secretary Patricia Espinosa.

Paulson also will receive a briefing from the Mexican Foreign Intelligence Unit on information sharing between the agency and the Treasury's Financial Crimes Enforcement Network in an effort to combat money laundering and other financial crimes.

Paulson also will meet with small business owners, financiers and business students.

The trip is Paulson's second to Latin America this year following visits to Guatemala and Peru in March. He plans a more extensive trip within Latin America in July.

In Mexico, Paulson is likely to praise a pension reform bill passed last month by Mexico's Senate, handing Calderon a major political victory. The bill introduces individual retirement accounts for public sector workers.

Paulson has been pushing the Bush administration's agenda to introduce private Social Security accounts in an effort to forestall a looming funding crisis in the U.S. retirement benefit system. So far, however, he has made little headway with members of the Democratic-controlled Congress.



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