Investments leave Mexico due to insecurity, judicial reform and lack of energy: Coparmex

Inseguridad, falta de energía y por la posibilidad de que se concrete la reforma al Poder Judicial fueron factores para que diversas inversiones extranjeras y nacionales se cancelaran o se llevaran a otros países, dijo la Coparmex. Foto: Tomada de

Due to insecurity, lack of energy, and the possibility of a reform to the Judicial Branch that would lead to the election of judges by vote, various foreign and national investments have been cancelled or taken to other countries, said the president of the Employers’ Confederation of the Mexican Republic (Coparmex), José Medina Mora.

The sectors where investment projects have been cancelled are the automotive, tourism and real estate sectors.

For example, “we have seen some companies established in Mexico, in Juárez, where the expansion of their plants is no longer being done there in Juárez, they have been taken to Honduras, that is, there are several factors. One part is this legal uncertainty for investment and another is the lack of available energy, especially clean energy, and a third factor has to do with the growing insecurity in some regions of the country.”

In an interview at the end of the launch event for Didigitalizate, Medina Mora said that the reform of the Judicial Branch is worrying, which is why a Miami real estate company that had been developing for three years “has already stopped this possibility of electing judges” and there are companies that are thinking of taking their investments to other countries.

He added that last week they met with businessmen from Japan, who have 1,500 companies in Mexico, and although they “want to invest in Mexico, they are worried that Mexico will become a country where judges are elected.”

He said that it is a lie that in the United States and Japan judges are elected, only in Bolivia is it done by this method, but there are problems.

Regarding the fact that the Army will be on the streets until 2028, supporting the work of the National Guard, he said: “It seems to us that what should have been discussed is how we are going to do it in 2028 so that the Army returns to the barracks.”

He considered that “what is needed is to comply with what the Constitution says, which is that the Army is authorized to provide support to public security until 2028.”

Source: eluniversal