The government of Claudia Sheinbaum seeks for Mexico to join the group of the 10 most powerful economies in the world.
He said that to this end, the Mexico Plan presented this Monday seeks to encourage investments, industrial production and consumption in the country; However, he acknowledged that there are challenges to overcome before entering the club of the most powerful countries.
“The plan is quite grounded,” he commented at an event at the National Museum of Anthropology.
According to the president, the World Bank noted that Mexico rose from the 18th economy to the 12th in the last six years, that is, during the presidency of Andrés Manuel López Obrador.
To reach the top 10, the Mexican economy would have to surpass Russia and Canada in the group that already includes the United States, China, Germany, Japan, India, the United Kingdom, France, Italy and Brazil.
The Sheinbaum administration seeks to provide certainty to the Mexican economy, reduce the time in which local and foreign investments are made, as well as promote “What is made in Mexico” and improve public investment in infrastructure.
“We will seek to maintain the proportion of investment to GDP above 25% starting in 2026 and above 28% in 2030,” he noted.
Sheinbaum commented that they are seeking to formalize more than $277 billion in investment, which is planned to be attracted by improving the supply of specialized labor.
He said that his government is going for 150,000 professionals and technicians annually with continuous training aligned to strategic sectors, as well as the 100% implementation of dual education in technical higher education, to provide industrial companies with trained personnel.
For this objective, support for micro, small and medium-sized businesses is vital, since they would be the supply chain for large companies that decide to establish themselves in the country.
However, they face a problem: the tariffs that US President-elect Donald Trump seeks to impose on Mexico, as well as a preferential ISR rate for any company that prefers to reach the United States over other countries.
In this sense, Sheinbaum commented that the plan, along with the protection of the treaty between Mexico, the United States and Canada (TMEC) will be vital to guarantee the country’s economic expansion.
“The USMCA has proven to be one of the best trade agreements in history. It has benefited all three countries, Canada, the United States, and Mexico. “It is also the only way we can compete with Asian countries, particularly China,” he said.
“Our objective is also to expand to the American continent, which is the vision we want to have to make the region with the greatest potential and development in the world,” he added.
He declared that his government wants job creation to also grow and, with it, salaries and wages.
Sheinbaum’s administration plans that by 2030 there will be 1.5 million additional jobs in specialized manufacturing and in strategic sectors, such as the auto parts and aeronautics industries.
Tourism is also included in the project, since it is estimated that by the end of the decade Mexico will be one of the five most visited countries in the world.
For Sheinbaum, all of these objectives must follow corporate environmental sustainability plans, and must promote investments with ESG practices, such as water reuse, investment in supported clean energy, solid waste management systems and community impact actions.
A plan well received by the IP
Sheinbaum’s proposal recalled the promise of Carlos Salinas de Gortari (1988-1994), who in his presidential campaign and during his government said that with the then NAFTA and privatizations, “Mexico would reach the first world.”
The businessmen welcomed the plan and showed their support for the strategies presented by the Morenista president.
Francisco Cervantes, president of the Business Coordinating Council, pointed out that it is “very good news” that the government seeks to bet on investment and business confidence.
The leader of the bankers, Julio Carranza, commented that it was a “very surprising” plan and that businessmen, bankers and the government need to work together to boost the country.
“It was a well-received plan,” said Altagracia Gómez, head of the government’s Business Advisory Council.
Businessmen agreed that local investment far exceeds foreign investment.
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