Mexico’s economy remains resilient amid judicial reforms, with Secretary Raquel Buenrostro Sánchez debunking fears of investment slowdowns. She assures that international companies have not halted their plans due to the legal changes, despite challenges facing the automotive sector. Concerns over potential barriers for electric cars with Chinese components in the US market affect American manufacturers like Ford and General Motors, dependent on Chinese suppliers.
Buenrostro Sánchez clarifies misconceptions about the reform’s impact on investments, reassuring that only domestic investors express unease, often due to ideological reasons. She advocates patience until secondary laws are enacted to clarify the reform’s implications. Mexico actively works on resolving trade disputes with the US, with impending resolutions on controversies around genetically modified corn and energy policies expected before 2024 ends.
The country aims to bolster its position in the global semiconductor industry through collaboration with the US, potentially rivaling the automotive sector’s impact. Strategic industrial policies focus on sectors like semiconductors, agroindustry, and electromobility to increase domestic content in exports and create more job opportunities.
Despite challenges, Mexico’s economic prospects are bright, continuing to attract foreign investment and enhance its global trade presence. Buenrostro Sánchez leaves a solid foundation for future economic growth as she transitions to a new role.
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