The Secretary of the Treasury, Rogelio Ramírez de la O, asked the more than 36 thousand businessmen affiliated with the Employers’ Confederation of the Mexican Republic (Coparmex) to invest in the Mexican economy and support Plan Mexico.
“The government’s approach today requires the active participation of the private sector,” said the official, who attended the swearing-in of Juan José Sierra Álvarez as president of the organization on behalf of President Claudia Sheinbaum.
He said the government designed plans and policies to strengthen key areas of the economy.
“To achieve this, businessmen and women must bet on Mexico, actively get involved with their commitment and with a shared strategy we will transform challenges into opportunities,” he said.
He recalled that Coparmex is one of the most emblematic private sector entities, since its membership of 36 thousand companies is voluntary, regardless of whether they belong to another chamber of commerce.
Coparmex’s membership is committed to the principles, which is why it has a presence in 105 cities, he said.
Read: Mexico would grow 1.2% more if North America increases replacement of Chinese imports: Treasury
He added that collaboration between the public and private sectors is essential in a context where supply chains are reconfigured and markets are constantly evolving.
“Dialogue and coordinated action are the most powerful tools we have to face the challenges we share,” he indicated.
“The development of Mexico is not the task of a single actor, but the result of a joint effort in which the alliance between the government and businessmen plays a central role,” he noted.
“The relationship, far from being circumstantial, is strategic to achieve common objectives and generate quality jobs, reduce inequalities and strengthen Mexico’s competitiveness,” he added.
“Today Mexico has the opportunity to consolidate itself in strategic sectors such as advanced manufacturing, renewable energy, technology and logistics,” he said.
He indicated that the potential is great, but to realize it “we need solid productive chains, innovation and a planning approach for development.”
‘The Mexico Plan was designed by AMLO’
In 2021, President Andrés Manuel López Obrador realized that we had to wait months to find a blender, a stove or a printer, because supply chains had stopped in China, according to the official.
“We are subject to an offer from Chinese manufacturing, which emigrated many years ago to that nation, just as freight and logistics do not make it competitive,” he said.
He added that the countries that “lost industry to China have no chance to recover and it is not about substituting imports in a blind program.”
He reiterated that in 2021 AMLO commissioned the secretariat to develop an approach on how to visualize the opportunities and what was done was to create two scenarios.
One was that if Mexico, the United States and Canada proposed to produce in North America only 10 percent of what is imported from China, the respective USMCA economies would grow.
“With this, the projection that our model gave us, Mexico would increase its growth in gross domestic product by 1.4 percentage points, higher than what it has shown in recent years, the United States would recover 0.8 percentage points and Canada would do so by 0.2 percentage points.” , he highlighted.
“Mexico would demand more jobs and there would be more than 520 thousand jobs and with that we give jobs to all Mexicans and many other people, just as the United States recovers 600 thousand jobs and Canada would generate 200 thousand jobs,” he said.
“When we presented the project to the United States government in 2021, we called it Plan Mexico, because we hoped they would say here is the United States Plan and the Canada Plan. And we are going to combine forces and we are going to develop it,” he added.
None of that happened at that time, but “it is the opportunity to rescue that approach and we have done so and it is the global framework on which Plan Mexico rests,” he concluded.
Follow us on Google News to always stay informed
