Altagracia Gómez, president of Grupo Promotora Empresarial de Occidente, and liaison of Claudia Sheinbaum’s government with businessmen, ruled out problems for Mexico in the event that Republican Donald Trump returns to the White House in the next United States presidential elections.
“I believe that integration with the United States transcends politics and even transcends trade. “It is the strongest relationship in the world,” commented Altagracia Gómez during her participation in the “No Money” Forum.
He explained that there are many ties that unite both nations, including more than 40 million Mexican-Americans living and traveling between the two countries.
“We have the obligation to work, regardless of who the next president of the United States is, on an agreement that is beneficial for both countries,” he added.
He added that on the one hand, the Mexican government has “absolute respect” for what Americans choose and, on the other hand, he said that what has given “stability” to the Treaty between Mexico, the United States and Canada (TMEC), They are the long-term investments that businessmen from the three countries provide every day.
“Whoever wins, we will be ready to work,” said Altagracia Gómez.
For his part, Eduardo Osuna, vice president and general director of BBVA Mexico, who also participated in the panel, commented that the integration of North America is “irreversible.”
“The North American bloc has many advantages over other parts of the world, productivity levels, market sizes (…) We should integrate even more,” commented the manager.
He added that in 2027, the year in which the North American treaty will be reviewed, it will be “a great opportunity” to increase regional integration and address different issues that have been pending.
However, he noted that a US election that generates “a lot of noise” could temporarily stop investment in Mexico, but he stressed that it would only be for a time.
The US presidential election will take place on November 5, and the race remains “close” between Republican Donald Trump and Democrat Kamala Harris, who is currently vice president of Joe Biden’s government.
Recession and investment
Regarding a possible recession that hits the Mexican and global economy, Altagracia commented that 2024 has been a year “of many changes” and that precisely this promotes economic uncertainty.
He commented that there were elections in Mexico and there will be elections in the United States and this happens while there is a global economic slowdown.
The businesswoman commented that Mexico can combat this with greater investment in infrastructure to encourage investments and move the economy.
“Investment must be made both from the public and the private sector,” said Altagracia Gómez.
Meanwhile, Osuna said that Mexico averages an annual growth of 2% and that it is necessary to “break” this paradigm, and that to achieve this it must maintain a stable investment of 25% annually.
“To reach that 25%, each of the actors, public and private investment, must continue,” he commented.
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