Sheinbaum Promises Safe Foreign Investments in Mexico
Mexican President Claudia Sheinbaum has assured that foreign investments are secure in Mexico, emphasizing the government's commitment to creating a favorable environment for investors. During her recent press conference, Sheinbaum highlighted the outcomes of the CEO Dialogue summit held with business leaders from both Mexico and the United States. The summit, which took place at the Mexican National Palace, marked a significant step in re-establishing relations that had been strained during the previous administration. Sheinbaum stated, "We want investment in Mexico; investments in Mexico will be safe, and there will be certainty of all kinds." The president also mentioned that discussions will continue to address various concerns raised by business leaders.
The summit brought together 240 executives who pledged a substantial fund of $20 billion in investments by 2025. This commitment includes significant contributions from major companies such as Amazon, Mexico Pacific, Royal Caribbean, and Woodside Energy. The Secretary of Economy, Marcelo Ebrard, noted that the estimated investment could even exceed $30 billion, indicating a strong confidence in Mexico's economic prospects. He emphasized that the government aims to ensure certainty for investments, especially in light of recent controversies regarding energy sector reforms and judicial changes that had previously shaken investor confidence.
Business Leaders Optimistic About Future Investments
The meeting was characterized by a productive dialogue between Sheinbaum and the business community, addressing key issues such as border security and the judicial reform. Business leaders expressed optimism about the government's approach to enhancing the Rule of Law and reducing corruption within the judiciary. Sarah Bairstow, CEO of Mexico Pacific, announced plans for a $15 billion liquefied natural gas terminal, while Royal Caribbean committed $1.5 billion for a tourist development project in Quintana Roo. Amazon plans to invest $6 billion to bolster its digital infrastructure in Mexico.
Despite the positive tone of the summit, protests erupted nearby, opposing the proposed judicial reforms. Demonstrators voiced concerns about changes to the election process for judges and magistrates, reflecting ongoing tensions surrounding governance issues. Nevertheless, Sheinbaum's administration remains focused on fostering a collaborative relationship with the private sector, aiming to boost employment and economic activity through strategic investments.
