Mexico City.- The Secretary of Economy, Marcelo Ebrard, hoped that Mexico does not enter recession for the tariffs of President Trump, as the OECD anticipated yesterday.
“The issue of recession is something that will depend on the decisions made by the United States and other countries in the world,” said the official.
He said that the economic estimate for Mexico presented by the agency is based on the assumption that the 25% general tariff is completed to the country.
“Then with a 25% tariff it has an impact on the country’s growth.
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The Organization for Economic Cooperation and Development (OECD) on Monday projected a contraction in the Mexican economy of 1.3% by 2025 and 0.6% in 2026.
Strategy against possible US tariffs
As part of the efforts to protect the economy, Ebrard reported that the government is in communication with strategic sectors, such as automotive and auto parts, as well as aluminum and steel, to evaluate measures that reduce the impact of possible 25% tariffs on Mexican products.
The former chancellor explained that the national automotive industry is highly integrated with the United States, since many pieces cross the border between five and eight times before becoming finished products.
“If I put a 25%tariff, I get it from the market because they will do the same thing on the other hand,” he warned.
Ebrard stressed that Mexico is looking for solutions that avoid commercial reprisals and allow maintaining the competitiveness of the region.
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“We are analyzing many measures not only that tariffs to see how we can reduce the impact, instead of enlarging it.
In addition, he mentioned that the Government has carried out operations against companies that simulated temporary imports without complying with the regulations of the treaty between Mexico, the United States and Canada (TMEC), affecting the stability of bilateral trade.
IMPULSE TO THE PROGRAM ‘Made in Mexico’
In a previous event in the premises of the Ministry of Economy, Ebrard announced the acceleration of the ‘Made in Mexico’ program, an initiative designed to strengthen national companies with export capacity and innovation.
The official acknowledged that many Mexican companies face bureaucratic barriers and practices of unfair competition, such as foreign products dumping.
“We are accelerating the passage for the ‘Made in Mexico’ program and its expansion in terms of supporting Mexican companies that have several characteristics, export, compete and have development and innovation capacity,” he said.
He pointed out that they will seek to facilitate more bureaucratic procedures since now the regulatory processes may take months, which puts the Mexican industry at a disadvantage.
As an example of the companies that the Government seeks to support, it mentioned Mabe, a Mexican company with 24,000 employees and 15 plants in the country.
Ebrard indicated that these types of signatures will receive support to increase their participation in international markets and consolidate their presence abroad.
With EFE information
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