President Claudia Sheinbaum launched the ‘Mexico Plan’ on Monday, a strategy together with the private sector to make the Mexican economy reach the top 10 worldwide and achieve at least 277 billion dollars of investments despite the measures of the next Donald Trump government in the United States.
“These are ambitious goals, for example, going from being the 12th economy in the world to being the tenth economy in the world, that is our objective. Raising the proportion of investment in relation to GDP (gross domestic product) above 25%,” declared the president when presenting the strategy in the Mexican capital.
Sheinbaum presented the program a week before Trump assumes the presidency in the United States, where he has warned that one of his first actions will be to impose tariffs of 25% on Mexican products if Mexico does not stop the “invasion” of migrants and drugs, particularly fentanyl.
Although she did not mention Trump directly, the president asked that “each Mexican man and woman know that there is a plan, that there is development, that in the face of any uncertainty that may come in the near future, Mexico has a plan and is united moving forward.”
The Mexican leader was confident that Mexico will remain “the main commercial partner of the United States after surpassing China and Canada,” with an exchange of 776 billion dollars in the first 11 months of 2024.
“We also know that this will continue to happen, that the Trade Agreement between Mexico, the United States and Canada (T-MEC) will be maintained because it has proven to be one of the best trade agreements in history, it has benefited all three countries,” she said.
The president assured that the Government has already “accounted for 277 billion dollars of investments that want to reach Mexico with the objective and the plan” presented, which implies 2,000 projects registered in the portfolio, although she did not specify the companies or sectors involved.
By 2030, when Sheinbaum’s six-year term ends, the plan plans to increase by 15% the national content in global value chains in industries such as automotive, aerospace, electronics, semiconductor chips, pharmaceutical and chemical.
It also contemplates that 50% of national supplies and consumption be of Mexican origin in strategic sectors and that half of public purchases be of national production.
This would allow, according to her calculations, to generate 1.5 million additional jobs in specialized manufacturing and other key areas.
Other goals are “the complete development” of vaccines in Mexico, training 150,000 professionals and technicians a year, ensuring that 30% of small and medium-sized enterprises (SMEs) have access to financing, and being one of the five most visited countries worldwide.
The Secretary of Economy, Marcelo Ebrard, stressed that the ‘Plan Mexico’ “is months of work all led by Dr. Claudia Sheinbaum to have Mexico’s navigation chart for the new era it will face.”
“There are uncertainties in the immediate future, but if we are cohesive and have a national direction like the one we have, friends, we will move forward,” he said.
The Secretary of Finance, Rogelio Ramírez de la O, explained that since 2021 he presented a proposal to Washington to replace 10% of what is imported from China in North America, with which the Mexican GDP would grow an additional 1.2%, the American one 0.8% and the Canadian one 0.2%.
The president acknowledged that in the first 11 months of 2024, imports from Asia to Mexico totaled 210.954 billion dollars, but argued that “the United States also depends a lot on imports from China and Asian countries,” since in that country they totaled more than 1.24 billion dollars in the same period.
“We are going to strengthen the regional market and, in addition, our objective is also to expand to the entire American continent, which is the vision we want to have to be the region with the greatest potential and development in the world,” she said. EFE
Source: infobae
