President Claudia Sheinbaum announced on Monday the national law to eliminate bureaucratic procedures and corruption to reduce the efforts and create a single digital window to attract foreign investment despite the tariffs of the United States president, Donald Trump.
“Even with tariffs, there is investment in foreign Mexico and national investment, and on Thursday we will present a part of the investment portfolio, we have presented several investments and there is still interest in investing in our country for that economic strength we have,” said Sheinbaum at his daily conference.
Sheinbaum explained that the reform seeks to “facilitate the investment” of the companies, “complying with everything that has to be fulfilled, particularly environmental impacts, if there is water availability in the place, etc., but that everything is in the same window.”
The initiative will create a single national procedure catalog, with 50% less requirements and resolution times, while 80% of the efforts will be made through the National Investment Digital Window, explained José Antonio Peña Merino, head of the Digital Transformation Agency and Telecommunications.
If a company wants to specify a physical investment in Mexico, for now there is an average waiting for 2.6 years, with 580 procedures in each state and 144 per municipality, the official described.
“The goal, at least, is to have 50% less procedures, requirements and time of attention. In the case of entities, states and municipalities, this is even more radical, because what we want is to consolidate 300 unique procedures at the state level and 100 unique procedures at the municipal level,” he explained.
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The reform is another response to Trump’s protectionism, who on April 2 exempted global tariffs on the products of the treaty between Mexico, the United States and Canada (TMEC), but left a rate of 25% to steel, aluminum, cars and Mexican products outside the commercial agreement.
The initiative is part of the ‘Mexico Plan’ of Sheinbaum to consolidate the Mexican economy in the global top 10 and specify private investments of a portfolio that already has almost 300,000 million dollars despite Trump’s tariffs.
It also seeks to promote the ‘welfare poles’, that is, industrial areas.
“The idea is that there are the same procedures, same requirements and times in the three levels of government and, in the three stages of this investment, that it is 100% digital and that it is aligned, of course, with the ‘Plan Mexico’ and the ‘Welfare poles’,” said Peña Merino.
The president acknowledged that in her call last week with Trump “no agreement was yet reached” to reduce tariffs on steel, aluminum and cars, but said that “there is communication, both at the secretariast, trade and economy level, and at the presidents level.”
Mexico reported a record of almost 37,000 million dollars of foreign direct investment (FDI) in 2024, but the country fell four places, to the last place, in the list of the 25 most reliable for the international investments of the Global Kearney consultant for the uncertainty of the tariffs.
With EFE information.
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