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October 14, 2024
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Mexico will seek to strengthen nearshoring in CEO Dialogue

Mexico will seek to strengthen nearshoring in CEO Dialogue

This week, President Claudia Sheinbaum Pardo will have her first confrontation as head of the federal Executive with the binational business community of Mexico and the United States, in what will be the fourteenth edition of the US-Mexico CEO Dialogue, which will bring together around 60 leaders of the private sector of both countries, to discuss the challenges and opportunities in trade and investment matters.

“The exchange will be focused on promoting the priorities of the private sector through the five groups that make up the US-Mexico CEO Dialogue: Investment; Commercial Facilitation; Commercial Policy; Services and Energy and Climate Change,” said the Business Coordinating Council (CCE) in a statement released this Sunday.

The event will be led by the President of the CCE, Francisco Cervantes, and the President and CEO of the US Chamber of Commerce, Suzanne P. Clark.

In addition to President Sheinbaum, the Secretaries of Economy, Marcelo Ebrard; of Foreign Affairs, Juan Ramón de la Fuente; of Energy, Luz Elena González; of the Treasury, Rogelio Ramírez; of Health, David Kershenobich; and Agriculture, Julio Berdegué.

The event will be co-chaired by Guillermo Vogel, Vice President of the Tenaris Global Council; and Sara Bairstow, General Director of Mexico Pacific.

“In the business sector we are convinced that it is essential to work hand in hand with governments and authorities in economic and commercial matters to guarantee a prosperous and dynamic relationship between Mexico and the United States,” said the CCE.

The US-Mexico CEO Dialogue was created in 2013 by the United States Chamber of Commerce and the Business Coordinating Council (CCE), parallel to the creation of the High Level Economic Dialogue (DEAN), as its counterpart business.

This edition of the US-Mexico Dialogue takes place amidst the concerns of the business community and analysts about legislative reforms such as the judicial reform, which modify essential rules of the country’s investment environment.

Prior to the event, Marcelo Ebrard, Secretary of Economy, agreed over the weekend to establish working groups with the CCE to unblock current issues, above all, opening up and promoting investment in Mexico, as part of nearshoring, where he even raised the possibility of granting incentives.

He said that Claudia Sheinbaum’s administration seeks to be a “friendly government” with investors, which is why Ebrard reported that “the Regional Investment Council will be integrated.”

In a private meeting with business organizations that make up the CCE, the Moreno official explained that it will be the first national business representation with gender parity, which will be chaired by businesswoman Altagracia Gómez.

In addition, Ebrard spoke about the 2024-2030 Work Plan that the Ministry of Economy will undertake, from the definition of the T-MEC review agenda, the actions that the federal government will seek to increase the development and integration of production chains, raise the added value of exports, the possibility of defining incentives in Mexico as the United States and other countries do for strategic sectors, as well as promoting the relocation of investments and companies in the country, businessmen said.

The meeting, prior to the CEO Dialogue, was also attended by the Undersecretaries of Industry and Commerce, Vidal Llerenas; and Foreign Trade, Luis Rosendo Gutiérrez. Both reiterated interest in the formation of a business-friendly government, to promote the economic development and well-being of Mexicans.

Last week, the president of Mexico, Claudia Sheinbaum, announced that her government’s investment model would be presented to Mexican and American investors during the US-Mexico CEO Dialogue, in addition to presenting its plans for its development poles program. well-being, in addition to energy issues.

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