The president of Mexico, Claudia Sheinbaum, indicated that seeks to guarantee “trust” to international investors in a meeting that he will hold this Tuesday with 240 company executives from Mexico and the United States at the ‘US-Mexico CEO Dialogue’, given the nervousness of his reforms.
“What we want is for there to be certainty, for there to be trust, and I think it will be a very important effort for the beginning of this Government and, furthermore, we hope that several investments will be announced,” declared the president in her morning conference, before the meeting.
This will be Sheinbaum’s first major meeting with United States executives since he assumed the presidency on October 1 amid the uncertainty caused by reforms such as the one that establishes popular elections for the Judiciary and the one that eliminates autonomous regulators of energy, economy and telecommunications.
The Mexican leader, who would begin the meeting this same day at the National Palace, He considered it “a very important event” because “it is important to resolve any doubts” of the businessmen.
“Let them know that the reform of the Judiciary strengthens the rule of law here in Mexico, that your investments are safe in our countrythat they hear it from us, that they know that we are interested in them coming to invest under a development plan,” he declared.
The president highlighted that she seeks to promote investments to enhance the phenomenon of company relocation or ‘nearshoring’ and the Treaty between Mexico, the United States and Canada (T-MEC), a region that together represents 30% of the gross domestic product ( GDP) worldwide, as he explained.
“It is very important because of the interest we have in continued investment by businessmen, companies from the United States in our country, to advance in what is called the relocation of companies and the strengthening of the trade agreement that we have,” he pointed out.
The Secretary of Economy of the Government, Marcelo Ebrard, asserted that Mexico and the United States make up one of the most prosperous regions in the world, trading 1.5 million dollars per minute.
In the first half of 2024, 415 billion dollars were traded, an increase of 4.8% year-on-year, he detailed.
“Growing at 5% is a huge pace.so if you make that comparison, every year we continue to grow. The United States is the main investment partner in Mexico, we brought in 13.8 billion dollars in the first half,” said Ebrard.
The official explained that the participating businessmen are from sectors such as financial services, health, renewable energy, transportation, manufacturing, technology and innovation.
Ebrard expressed that they will discuss investment, facilitating border trade, energy and climate changeservices, and trade policy, before the next review of the T-MEC.
“How are we going to work to team up and strengthen the treaty we have in the review process that begins in 2025? Starting in the second half of next year we have to review and prepare,” he said.
With information from EFE.
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