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Latin Times
Latin Times
National
Sana Khan

Mexico's Sheinbaum Discusses Trade, Security, Migration With US Delegation

Claudia Sheinbaum became the first female president of Mexico. As she assumes office, she has task to tackle a hotly contested issue— immigration (Credit: AFP)

Mexico's President-elect Claudia Sheinbaum met a delegation from the United States on Tuesday to discuss her plans for security, migration, and trade.

Speaking at a press conference, the president-elect said that her security strategy was focused on tackling the root causes of crime and fighting against impunity, Reuters reported.

Sheinbaum also addressed investors on the same day over a proposed judicial overhaul, noting that they don't need to be worried.

"My message is that investors have nothing to worry about," she said during a press conference, despite the peso weakening by 1.5% against the dollar.

"Their investments are safe in Mexico, within the framework, obviously, of our laws," said Sheinbaum.

The meeting came just one week after Sheinbaum won the election by a large margin. Sheinbaum's Morena party performed better than expected in the June 2 election, as they secured a majority in the lower house and close to one in the Senate, which made her position strong enough to pass constitutional reforms when the new legislature starts.

However, the market seems to be worried because of this, causing the peso to drop about 8% against the dollar last week, marking the biggest weekly fall in four years.

The proposed judicial reform suggests that judges -- including those on the current Supreme Court -- should be elected by the public. Critics are concerned that these reforms would change the balance of power in Mexico, allowing political control of the judiciary and removing important checks and balances.

The party will take over the office in early September, but Sheinbaum won't be inaugurated until a month later. Due to this, President Andres Manuel Lopez Obrador and lawmakers will get more time to pass his reforms.

Obrador said Tuesday morning that the reforms can be approved in September. "We are going to have judges, magistrates, ministers with integrity and (who are) honest," he said.

Furthermore, the outgoing president said there was "no problem" with the peso, stressing that the investors wanted a state of law.

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