Pena Nieto ‘wins’ Mexico presidential election, says no return to past

02 July 2012 08:27  [Source: ICIS news]

MEDELLIN, Colombia (ICIS)--An official preliminary vote count late Sunday night declared Institutional Revolutionary Party (PRI) candidate Enrique Pena Nieto the winner of Mexico’s presidential election.

Pena Nieto had between 37.93% and 38.55% of the vote, ahead of second-placed Andres Manuel Lopez Obrador of the leftist Democratic Revolutionary Party (PRD), who had between 30.9% and 31.86% of the vote, the preliminary count showed.

Third-placed Josefina Vazquez Mota of the National Action Party (PAN) had between 25.1% and 26.03% of the vote.

An election authority official said the result of the preliminary vote count was ‘irreversible’, with the official final result expected early Monday morning.

Lopez Obrador refused to concede, saying he would wait for a full count.

Pena Nieto’s victory signifies a return to power for the PRI, the party that governed Mexico for over 70 years before defeat in 2000.

“We are a new generation, there will be no returning to the past,” Pena Nieto said. “You have given our party a second chance, and we will deliver results.”

“I will ensure a democratic presidency, one that understands the many changes that this country has gone through in the last few decades,” he added.

Reform of the energy sector has been a key issue in the run-up to the election.

Pena Nieto has pledged to open state-owned oil monopoly Pemex to foreign investors, raise tax revenue and liberalize the labor market.

The new president will begin a six-year term on 1 December, 2012.

By: Simon West

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