Within the framework of the threats of 25%general tariffs, by President Donald Trump, the Standard & Poors and Fitch credit rangers have warned that if these taxes were applied, the economy would enter a recession.
By participating in the forum “Impact of public finances before the measures to be implemented in the United States” %, while social programs represent 2.3% of GDP; Both factors are those that have promoted the resilience of domestic consumption.
There are instruments to face any emergency
The Undersecretary of Finance explained that the country has sufficient instruments to face any volatility from abroad.
“Mexico does not face this challenge from a position of fragility, but from a well prepared economy, capable of facing external volatility, as we have tried to illustrate, it is a very competitive economy, with a vocation of competition abroad very importantly,” said.
He stressed that the country has international reserves of more than 230, 000 million dollars, equivalent to more than 4 and a half months of imports, which represents a solid first line of defense in the face of the potential volatility of the markets. Additionally, Mexico reservations have access to 44,000 million dollars in international loan lines, contingents if necessary.
“These options guarantee liquidity if necessary and reinforce the country’s financial stability. We have also implemented financial risk mitigation strategies with active coverage against exchange rate and interest rate. We also have an important part of oil revenues that shield our public finances in abrupt changes in the markets, ”he said.
Another key factor in financial stability is the structure of the federal public debt, whose 84% of the federal debt is called in local currency with 77% at fixed rates and long -term maturities. There is also the Budget Income Stabilization Fund (FEIP) with more than 100,000 million pesos.
Called to strengthen the economy
Meanwhile, the Coordinator of the Regional Economic Development Advisory Council and Relocation (Cader), Altagracia Gómez, called to strengthen the internal economy before the announcements of possible tariffs.
He stressed the importance of strengthening the joint work of entrepreneurs, particularly nationals, as well as opening the door to foreign direct investment. “But particularly national businessmen. Particularly of the smallest, which is those who are most affected to this extent, because they have less coupling field, “he said.
“2025, despite the announcements of possible tariffs, Mexico has the opportunity to be a leader in the new form of globalization and the new way of understanding capital markets. The size of the challenge is equal to the size of the opportunity if we do well, ”he said.
The big problems, Gomez emphasized, are only resolved from the hand of the private initiative.
“Mexico can and should be a leader in the resolution of shared problems that are facing worldwide. All, from our scope we will have to give way to the front, yes with unity, but also with proposals, ”he said.
Gomez urged investing more in innovation, research and development; bet on sustainability, digitalization and simplification; and think about communities when investing. In the same forum, the businesswoman said that 82% of the investment in the country comes from Mexican entrepreneurs and 18% is a direct foreign investment.
Commercial protection
The official explained that in commercial matters, the treaty between Mexico, the United States and Canada (TMEC) contains mechanisms for the dispute solution, with the aim of guaranteeing compliance with the agreements between the partners.
“This is very important, the current commercial agreement contemplates the event that if one of the partners is dissatisfied with any of the rules, it has to modify its policies, it can do so according to the existing rules of the treaty,” he said.
In addition to the fact that trade between Mexico and the United States has a complementary, non -rival character, which has strengthened the industries of both countries and benefited millions of workers, companies and consumers. In recent years, Mexico has established itself as the main commercial partner of the United States. Not only strengthening existing trade, but also diversifying it towards non -traditional sectors and regions.
“Beyond the automotive sector, Mexico is the main supplier of nuts, vegetables, melons and cattle to the United States. And we have a participation greater than 20% of commerce in states such as Missuri, Utah, New Mexico, Arizona, Texas and Michigan. These data reflect not only our relevance in the productive integration of North America, but also the interdependence of our economies, which underlines the need to preserve a free and balanced trade, ”concluded Amador Zamora.
With information from Antonio Baranda.
