Mexican companies are investing $30 billion in 2023, the Mexican Business Council (CMN) said on Thursday.
“The Mexican Business Council group is investing about $30 billion this year,” said Rolando Vega, president of CMN.
The business leader’s remarks came after just over a two-hour meeting between the businessmen and Mexican President Andrés Manuel López Obrador at the Calus Museum in the Mexican capital, which was also attended by Finance and Public Credit Minister Rogelio Ramirez. de la O.
On behalf of a private initiative, Francisco Cervantes Diaz, President of the Business Coordinating Council (CCE), as well as businessmen Armando Garza Sada, Valentin Diez Morodo, Raul Gutierrez Mugerza, Pablo Escandon Cusi, Fernando Senderos Mestre were present.
Roland Vega. The president of CMN, which includes 62 of the largest Mexican companies in the country, assured the media that the historic opportunity presented by the relocation of companies, also called “nearshoring”, should be seized.
“You see that there is a good future, you must take advantage of it, it does not come by itself. We must seize this opportunity,” said the leader of a business group that creates more than 1.5 million jobs in the country.
Vega added that Mexico currently has a minimum gross domestic product (GDP) growth rate of 2.3%, as predicted by the Mexican finance minister himself.
The Mexican government also estimates growth of 3% at the end of the year, driven primarily by foreign direct investment through “prior-shoring.”
For his part, he explained that the investment will cover the entire Mexican Republic, from the north of the country to the southeast, an economic region promoted by the Mexican president.
The CMN President assured that Mexico’s advantages are related to its geographical location, the dynamics of the North American region and the Treaty between Mexico, the United States and Canada (T-MEC).
In addition, he argued that the economy is doing well, although he acknowledged that, compared with the world economy, the growth of the economy is “not high, but acceptable.”
He explained that inflation is coming down, jobs are being created, the economy is stable, deficits are under control, and the Bank of Mexico is off-limits, so we businessmen are “peaceful.”
The businessman also explained that in a conversation with the Mexican president, the past local elections in the states of Mexico City and Coahuila were also discussed.
In this sense, he singled out the organization of elections by the National Electoral Institute (INE).
“INE again came out flawless in its leadership, and well, we already have results in the state of Mexico, the Morena party is winning, and in the state of Coahuila, the alliance (opposition) is winning,” he concluded. EFE
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
