DEBORAH MARCHINI, CNN ANCHOR: Bill Gates and Fidel Castro are among the distinguished guests at today's inauguration of Mexico's new president; Vicente Fox assuming office. Clay Harris, news editor of the FT.com, joins me from the "Financial Times" newsroom in London. And Clay, the significance of this in international terms?</s>CLAY HARRIS, NEWS EDITOR, FT.COM: Well, it's the first time in Mexico's history that there's been a peaceful transition of power between one political factions to another. The PRI, the ruling party, had been in power for 71 years, and Mr. Fox's election is a big change in Mexican politics.</s>MARCHINI: What will change, Clay, in terms of two very important business items of trade with Mexico, one in which of course is trade in oil, of which Mexico is a supplier; and the other is trade with the United States, which runs a rather large deficit with Mexico?</s>HARRIS: Well, I think we need to look at the broader issue of what Mr. Fox is trying to do. He's trying to change decades of state bureaucracy. Obviously, there is a big private sector in Mexico as well, but it's bringing a sort of fresh look at the way that the country works, in terms of the government institutions, but also the interplay with the private sector. Obviously, relations with the U.S. will be very high on his agenda, as they've been on any Mexican president's agenda.</s>MARCHINI: All right, thank you, Clay Harris, editor of the FT.com.
'Financial Times': Vicente Fox to Push Privatization as Mexico's New President