Banderas Bay, Nayarit.- The Confederation of National Chambers of Commerce, Services and Tourism (Concanaco Servytur) joined the renewed federal government plan to stabilize prices for the benefit of families.
The president of the organization, Octavio de la Torre, called on the member chambers to join the agreement relaunched on November 12.
The representative of 4.8 million companies in the country said that the organization’s commitment will be delivered to President Claudia Sheinbaum.
“The commitment of all of you that we are going to rise so that Mexico does better and that we are going to do everything possible to be able to voluntarily control the increase in prices,” said De la Torre during the second summit of business leaders of the organization, which takes place in the Riviera Nayarit this Thursday and Friday.
On November 12, Claudia Sheinbaum’s administration renewed a plan in which the private sector participates to freeze prices of 24 products in the basic basket.
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After the government’s announcement, Concanaco Servytur described it as strange that it was not taken into account by the Business Coordinating Council for the renewal of the agreement, which meant that 4.2 million MSMEs were left out.
“As an organization, the best way we can predict the future is by building it, and the future is built today, and it is built hand in hand with each of you, those who participate in this organization,” he stated.
“I invite you to imagine the final result, but to achieve it we want small steps to achieve it,” he added.
De la Torre highlighted the resilience of the Concanaco Servytur leaders and reiterated his invitation to join a reconciliation between the population and the business community.
“I know that in the face of any circumstance or obstacle they are resilient, we say in my town and you say, we do not give up, we always move forward because otherwise, what would happen to our families? They would not have sustenance, they would not have bread, we would not be able to open. For us there is no such thing as failure, and that has determined and defined us in the history of this organization,” he stated.
“The business community is not 10, it is not 20, it is not 100, we are what we are present here and we are the ones who get up every day to get ahead, the ones who pay the price every day and every week,” he added.
‘Don’t let investment get stuck at a public window’: governor
During his participation, the governor of Nayarit, Miguel Ángel Navarro Quintero, said that legal security must be given to private investment and it must be prevented from being “trapped” at a public window.
He said that the private sector generates 98% of the jobs in the country, so we must recognize what the economic sector does for the country: “I come to recognize the effort they make for Mexico.”
The Morenoist state leader declared that a balanced policy must be carried out, that is, that there is investment in the social sector but also that guarantees of economic investment be given to businessmen.
Tourist services have strong demand: Actinver
Meanwhile, Ramón de la Rosa, deputy director of analysis at Actinver, asserted that the tourism services sector has strong demand and that there is interest from global investors in investing in the country.
He indicated that tourism income in the third quarter of the year totaled 22,478 million dollars.
He stated that although there are signs of a slowdown – his firm foresees GDP growth of 1.5% for this year and 1.4% for the next, from 3.2% in 2023 – it is important to separate external demand from internal demand.
Read: ‘It would be irresponsible not to call for participation in the election of the Judiciary’: Concanaco Servytur
He explained that in the case of domestic demand, consumption is growing at rates close to 3% and that it remains strong.
He assured that despite the noise generated by the upcoming return of Donald Trump to the White House, there is solid data that confirms that the process of integration of production chains has intensified, which would increase the cost for Mexico and the United States if anti-trade measures are applied.
He explained that Mexican shipments are concentrated in manufacturing, an industry that takes place mainly on the northern border and in the Bajío, whose goods are mainly directed to Texas, Michigan and California.
On the other hand, Mexico’s imports are concentrated in intermediate goods, coming mainly from Texas and California.
“Therefore, if at some point Donald Trump wanted to impose tariffs to stop these imports, there would be two states that openly voted for him that would be affected, which are Texas and Michigan. They would have a sudden increase in their production costs, which in turn would cause production to fall (…) which would cause inflation to rise and jobs to fall,” he said.
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