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Home Economy

Sheinbaum gives certainty and confidence to businessmen; Trump will not shoot himself in the foot: Comce

This approach offers greater certainty and confidence to entrepreneurs, creating a favourable environment for investment.

T21 Media by T21 Media
17 October, 2024
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AGUASCALIENTES, AGS. – In an environment of tension and uncertainty over judicial reform , Sergio Contreras Pérez, executive president of the Mexican Business Council for Foreign Trade, Investment and Technology (Comce) , highlighted the recent message from President Claudia Sheinbaum , who assured that the revisions in the judicial system do not aim to concentrate power, but rather to strengthen security, investment and combat corruption.

During the recent US-Mexico CEO Dialogue summit , Sheinbaum Pardo addressed 240 Mexican and American businessmen, where one of the topics was the reform of the Judicial Branch, after the United States Trade Representative, Katherine Tai , expressed the neighboring country’s concern on this issue.

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“The message that President Sheinbaum sent is going to be very interesting because she said that there will not be any kind of insecurity that will arise due to the situation of the revision of the laws in the judicial part. When there is security, a commitment, when presenting and dialoguing with the businessmen, it gives a feeling of greater security and greater knowledge of what is being attempted to be done,” said Contreras on the eve of the 30th Mexican Foreign Trade Congress.

He also noted that this approach offers greater certainty and confidence to entrepreneurs , creating a favorable environment for investment.

On the other hand, in relation to the Republican candidate for the presidency of the United States, Donald Trump , Contreras was clear in mentioning that, although the former American president is known for his statements, he usually acts with pragmatism.

“Political situations go one way, economic and commercial situations go another way. Political issues do not really affect the economic and commercial relationship between two entities. Trump is a person who talks a lot, but when it is necessary to make decisions he does not shoot himself in the foot, he is a person who reflects and the interests in his own country do not allow him to do so,” said Sergio Contreras.

In this regard, he indicated that, for example, despite having threatened to impose high tariffs, such as 200% on cars produced in Mexico , Contreras emphasized that Trump would not make decisions that harm the interests of his own country, since a large part of the supply of the American automotive industry depends on Mexico.

“Forty percent of the American automotive industry’s supplies come from Mexico, the most important sector of the American economy. You can imagine if there weren’t any little obstacles in the way of progressing on that path,” he said.

Regarding the review of the Treaty between Mexico, the United States and Canada (T-MEC) , Contreras clarified that it is an adjustment process, not a renegotiation.

According to Contreras, this trade agreement is crucial for both countries, as they are so closely integrated at the economic, financial and industrial levels that there is no room for reversing it.

“We, the businessmen, are reviewing it, we are already reviewing the possible needs that we may have to make some adjustments to it, because it is a review, not a renegotiation,” he said.

The review aims to ensure that it continues to benefit both parties, particularly in key sectors such as the automotive industry.

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Comment and follow us on X: @jenna_GH_ / Sent / @GrupoT21

Tags: Claudia SheinbaumCOMCEJUDICIAL REFORMUSMCA

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índice de Confianza del Transporte y Logística – Cuarto trimestre 2023 10 destinos de exportación de vehículos pesados 2023 Descubre el Top 10 de destinos de exportación de vehículos pesados en México en 2023 La venta de vehículos pesados rompe récord en 2023 5 marcas de camiones más vendidas