Well, thank you very much.

Let me begin by thanking President Calderón and the Mexican people for their extraordinarily¹ gracious（亲切的） hospitality in this beautiful setting. We are confident that this will be a very productive summit thanks to all the organization and efforts that have been made by you.

On the bilateral²（双边的） relationship, I think that because of the work that we've done together, Mr. President, the bonds that were already so strong between our two countries have become stronger. And the Trans-Pacific Partnership³ negotiations⁴ that you just referred to are a good example.

We are obviously two of our most important trading partners to each other, but we both recognize that growth is going to take place in the Asia Pacific region. We are part of that network of nations that are growing and dynamic.

And for us now to be able to create a high standard trade agreement that further increases job opportunities,commercial opportunities, investment opportunities, I think will benefit citizens in both our countries that are eager to compete and to be able to prosper⁵ in a global market. And you have personally shown significant courage and hard work in being able to join these negotiations.

We appreciate your negotiations efforts. We think it will be good for Mexico; we think it will be good for the United States; and we think it will be good for the region as well. With respect to the summit, obviously we are going to be very busy over the next day and a half.

The world is concerned about the slowing of growth that has taken place. A lot of attention has been centered on Europe. Now is the time, as we've discussed, to make sure that all of us join to do what's necessary to stabilize⁶ the world financial system, to avoid protectionism, to ensure that we are working hand-in-hand to both grow the economy and create jobs while taking a responsible approach long term and medium term towards our fiscal⁷ structures.

I think the election in Greece yesterday indicates a positive prospect⁸ for not only them forming a government, but also them working constructively⁹ with their international partners in order that they can continue on the path of reform, and do so in a way that also offers the prospects¹⁰ for the Greek people to succeed and prosper. And we are going to be working under your leadership with our European partners and with all countries to make sure that we're contributing so that the economy grows, the situation stabilizes¹¹, confidence returns to the markets, and most importantly, we're giving our people the chance if they work hard to succeed and do well.

And from everything that we've seen your leadership on this summit I think will help us take one important step in a series of steps that are going to be required to continue to improve global economic prospects. So I just want to thank you for all your leadership and your friendship. I want to thank all the members of your administration.

I remember hosting one of these G20s and I know that as much work as it is for us, it's even more work for them. So we appreciate that very much.

Thank you. Thank you, Mr. President.