Economics

Mexico Front-Runner Signals Plans to Maintain Parts of Economic Policy

  • Leftist is early frontrunner for July 2018 presidential race
  • In the past, candidate has pledged to cancel the energy law

Andres Manuel Lopez Obrado

Photographer: T.J. Kirkpatrick/Bloomberg
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Mexico’s early presidential front-runner Andres Manuel Lopez Obrador on Monday signaled respect for some key aspects of Mexico’s economic policy, while vowing to end the corruption that he said has prevented Mexico from reaching its full potential.

In presenting his Morena party’s 2018 campaign platform, Lopez Obrador excluded explicit calls to repeal Mexico’s landmark energy reform, signaling a softening on an issue that’s proven the most worrisome for investors. The platform pledges respect for existing laws as well as an effort to minimize the number of legislative overhauls put to Congress. Absent was an earlier proposal for a public consultation to gauge public support for undoing the oil-industry opening.