Video Transcript

• A Landmark Election: Mexico Is About to Elect Its First Female President

  This transcript has been lightly edited for clarity.

  The 2024 electoral cycle will be the largest in Mexico's history, and with elections coinciding with Mexico and the United States every 12 years, the winners of these elections will shape the future of Mexico's domestic, but also foreign policy. 

  To give a very clear example of how Mexico's leadership in Latin America is crucial for the United States, Mexico has had discussions with the leaders of Nicaragua, Venezuela, Cuba, countries that the United States doesn't necessarily have that close of relationship with. But Mexico can function as an intermediary between these leaders and the United States in order to stem migration flows and also provide a strategic and comprehensive migration strategy.  

  For Mexicans, the possible opportunity of having its first female president is undeniably a  positive milestone for the country's history. There have been six former women presidential candidates, but none really had the ability to win the elections. And it is just in this 2024 electoral cycle that Mexico will have its first female president. It is important to note that both candidates have included in their political platforms how they hope to initiate and continue cooperating with the United States. 

  For Claudia Sheinbaum, it looks like it would be a continuation of her predecessor, current President Lopez Obrador's foreign policy, with its US counterpart. And in terms of commercial ties, it is important to note that Mexico became the US's top trading partner in 2023 with two way trade totaling just shy of $800 billion, above China and Canada. And so Mexico's next president is going to have to continue strengthening North America's supply chains, especially ahead of the 2026 review of the USMCA. And despite who wins the white House and who wins Mexico's presidential elections, there's going to be a real collaboration going forward in terms of all of these issues.