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August 11, 2022
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US Seeks to Strengthen Mexico’s Semiconductor Supply Chain

US Seeks to Strengthen Mexico's Semiconductor Supply Chain

Yorio specified that for the south southeast there will be modifications “because the vocation of the isthmus is going to be very different from the other zones, we are still calibrating those that are going to be implemented in the Isthmus.” He added that what is sought is a package that accelerates investments to be carried out in the 10 industrial parks of the Transisthmian Corridor.

It is expected that the vocation of this area of ​​the country will be more focused on the agro-industrial and logistics part.

He added that, in addition to tax incentives, the Treasury works with the Inter-American Development Bank and with Nacional Financiera (Nafin) to finance companies that seek to relocate and so that Mipymes can link up with large companies that establish themselves in the southeast. .

When questioned about inflation, Undersecretary Yorio recalled that the increase in prices is due to supply problems, as well as the increases registered in maritime transport.

He pointed out that central banks, such as Banco de México, are doing their job by increasing the interest rate, something that is limited by supply shocks.

In addition to that, he pointed out, “the PACIC is a complementary action. What are we searching for? Try to stabilize the prices of generic products”, as well as stabilize the price of gasoline, through weekly incentives, which will be reduced as the price of oil falls.

Informality

Although Mexico is a very competitive country, one of the challenges for the country is to reduce informality, Enrique Yamuni, National Chamber of the Electronics, Telecommunications and Information Technology Industry (CANIETI) pointed out in his speech.

“We need to reduce the high levels of informality that we have in the country. What we need is to make the population and SMEs aware of the advantages of being in a formal economy”, said Yumuni.

Said advantages, he explained, have to do with better health, education and security services. “That they are not just thinking about ‘how much are they going to take out of my taxes?’, but rather ‘what am I going to receive for being in the formal economy?’”.



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