On October 15, President-elect Claudia Sheinbaum will hold a direct dialogue with business leaders from Mexico and the United States to present her economic plan, attract investments, provide certainty, and respond to concerns about judicial reform.
Marcelo Ebrard, the next Secretary of the Economy, announced that around 45 large companies from the United States will participate in the so-called “CEO Dialogue”, of which 30 are already in Mexico and the rest will make investment announcements or will set up in our country starting in 2025.
“We have had a very good turnout. (They will be) CEOs, directors, those who head the company. On the Mexican side, there will of course be the Business Coordinating Council, the Global Business Council, the American Chamber, which is co-organizing this event,” he said. “That day there will be a very important presentation of the lines we are going to follow to attract investment coming not only from the United States, but also from Germany, Italy, other countries, Japan, in short, but in this case particularly from the United States.”
“It will be a very good opportunity because it will be a direct dialogue, because many times what happens is that the interpretation of what the other party wants to do is done by third parties, so here the great opportunity, it seems to me what is relevant, and President Sheinbaum has wanted to do so, is that at the beginning of the Government there is this meeting and there can be a direct dialogue with all the points that must be addressed.”
Interviewed outside the transition house, where he held a meeting with Sheinbaum, the former Foreign Minister confirmed that judicial reform and other issues such as energy, customs streamlining, imports and exports, and infrastructure will be addressed. “From energy, how the implementation of judicial reform will work. More than discussion (on this issue) it will be to inform them, to tell them, that there we will make them see that in the United States there has been an election of judges for many years, of course we have taken into account the experiences they have had there,” he said. “We will also have to look at other issues, such as those that have to do with infrastructure, how we can streamline the customs issue between the two countries, which continues to be complex, we can do it better, do it faster, make it easier for those who participate in this whole circle, remember that we are the main partner of the United States.” Ebrard said that, during the business meeting, whose location he did not reveal, they will also share their binational vision for the next 20 years in order to overcome the short-term focus. “Where are we going, beyond the immediate, because sometimes we get lost in the immediacy, but we have to see beyond, raise the vision, and that is what we are going to propose to the United States. It will be good news for Mexico,” he said. – Does this clear up (the doubts) about the judicial reform, which can scare away investments?, he was asked. “Look, what I am seeing are more confirmations of important investments, fortunately for our country, and of course we have to answer their very legitimate questions, right? But the large investment funds have already confirmed to me that they will be present,” he said. “The companies that have already enlisted via the Ministry of Economy or via the Ministry of Foreign Affairs, which have already told us that they are interested, will be present, so it will be a great opportunity to define that, what is the common vision that we have, what investment announcements there is, the support that the Government will give to those investments in Mexico.”
Ebrard rejects halt to investments
Marcelo Ebrard ruled out a pause or cancellation of US investments in Mexico and assured that there is a lot of interest from companies in coming to our country.
In recent days, the WSJ newspaper warned that US companies have halted projects worth more than 35 billion dollars in Mexico due to the uncertainty of the judicial reform, while Coparmex warned that the uncertainty in the country is causing the cancellation of investments. “This speculation that investments are going to be cancelled is not what I am seeing, it is not the official information, because we would already know, that does not exist,” said the former Foreign Minister outside the transition house. “What exists is interest in coming on October 15 (to a binational dialogue), being here in Mexico, meeting the President (…) and knowing what policies the new government will follow, that is what I see.” In an interview, Ebrard said that Mexico is extremely competitive due to factors such as its population, specialists, demographics and proximity to the US, and that the relocation strategy in Mexico will continue to advance even with European companies. -Will there not be a pause in US investments? Don’t you see it that way? he was asked. “Well, on the 15th, you will see it. I don’t see that pause. What I see is rather a lot of interest in coming, in dialoguing, in participating, in meeting President Sheinbaum. (With this meeting) we would also have certainty for the national (businessmen), because they will be there,” he answered. – Coparmex says that investments are slowing down, he was asked in reference to the fact that this business organization warned of the flight of investments to destinations such as Texas and Honduras as a consequence of the judicial reform. “Well, look, I don’t want to enter into a controversy with that type of declarations, but on the 15th you will see what the reality is. These are structural processes, first of all because in the United States they are advancing in a relocation strategy,” he affirmed. “And that will continue to advance because Mexico is extremely competitive. What I see, (…) with the confirmations that I am receiving from important companies in the United States, many are here, but others are not here and want to come, what I see is a very good opportunity for Mexico, I would say that the pessimism that ‘if what I believe is not done, investment will slow down’, has nothing to do with what is seen or perceived as the investment trend.” After stating that the Sheinbaum Government is going to start “very strong” and with a lot of investment, Ebrard considered that what has to be done in Mexico is to speak well of the country and make it clear that there are “assurances” here. “That we are going to respect their investments, because if we ourselves are going to say not to come, then almost no country does it. Those (45 billion dollars) have already been committed and I have not received any cancellation of those, we are like this, these are the records in the Economy,” he added.
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