Mexico's ongoing reforms would give the country "the competitiveness and productivity it needs to make the most of its economic potential," President Enrique Pena Nieto said.

He made the marks in an interview with Xinhua ahead of his trip to China on Thursday, where he will attend the 2013 Boao Forum for Asia over the weekend in Hainan.

Pena Nieto started a six-year term on Dec. 1, 2012, and brought the Revolutionary Institutional Party back to power after a 12-year rule by the conservative National Action Party.

"We have also proposed a bill to increase the level of competitiveness in all of the country's industries, as well as to modernize the strategic telecommunications sector," said the president

The government has proposed to reform in the finance, tax, and energy sectors, Pena Nieto said, adding that all the reforms should accelerate economic development, add more value to the products and ensure a better life for all citizens.

He said the government's economic strategies were aimed at attracting greater foreign direct investment as the country needs to continue to be an economy that's open to investment.

Pena Nieto said Mexico would guarantee economic stability, fulfill positive economic expectations, and create new investment opportunities.

In the telecommunications sector, for an example, foreign private capital would be encouraged to participate in the television and land-line telephone industries, he said.

Mexico would also provide legal guarantee for foreign investment projects in the country, he said.

On Latin America and the Caribbean, Pena Nieto said: "This region is a priority for my government. Mexico wants to be a globally responsible player, beginning with the countries that are geographically and culturally closest to us."

"Just as we want to build a prosperous, inclusive and peaceful Mexico, we also want a region with more equitable and more secure economic growth," he said.

Under the former Felipe Calderon administration, Mexico was a leading supporter in creating the Community of Latin American and Caribbean States (CELAC) in December 2011, and the Pacific Alliance in June 2012, composed of Peru, Chile, Colombia and Mexico.

In that regard, Pena Nieto said Mexico is proud of being one of the main promoters of CELAC's creation and will continue its important role in the region.

"Our region is rich and diverse in opinions, goals and targets. One of the challenges we face is to unite more, have a single voice, and act in a coordinated way to benefit Latin America and the Caribbean," he said. Endi

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