Mexican officials reassure investors at bilateral business summit

Mexican officials called for safety and stability of private investment after a summit held with business leaders on Tuesday. Fears about constitutional reforms were the main topic.

According to Economy Minister Marcelo Ebrard, Amazon, Mexico Pacific and Woodside Energy will make significant investments into the country over the next 12 months.

The summit, which is held every year but was of particular significance this year as it coincided with the first few weeks of the presidency of Claudia Sheinbaum, attracted close to 250 senior executives.

Ebrard stated, "The messages of President Sheinbaum were assurance and certainty." "Investments in Mexico will be safe. We will work to ensure that trade in the region continues to grow.

Mexico's Congress adopted a comprehensive bill last month.

judicial overhaul

The argument is that this will reduce corruption.

The reform has raised concerns among the top trading partners Canada, the U.S.A., and both could challenge it under the trilateral USMCA agreement.

In 2026, the agreement will be reviewed.

Ebrard stated that the total investment announced on Tuesday, many of which were already confirmed by the companies themselves, exceeded $20 billion. He added that the figure could reach $30 billion if additional planned investments were made. (Reporting by Cassandra Garrison; Editing by Aida Pelaez-Fernandez)

(source: Reuters)