Businessmen from Mexico and the United States promise Sheinbaum $20 billion in investments by 2025

The president of Mexico, Claudia Sheinbaum, and businessmen from Mexico and the United States have taken the first step to reestablish relations that until the previous six-year term were distant. After a meeting of just over an hour with 240 managers from both sides of the border, the businessmen have promised a fund of 20,000 million dollars in 2025. “It was a very good meeting and we proposed working groups on the reform of the Judicial Branch , the electrical reform, it was clarified that none of these reforms represent a problem for investment in Mexico, on the contrary, what we call the Rule of Law will be strengthened, and at the same time we propose our investment strategy. The president does not want to have control of the Judiciary, it is false, what we want is a Judiciary free of corruption,” he said. At the beginning of her mandate, the president of Mexico, Claudia Sheinbaum, has prioritized her relationship with businessmen nationals and the United States when meeting at the 14th edition of the CEO Dialogue, the private summit concluded this Tuesday with important investment announcements from companies such as Amazon, Mexico Pacific, Royal Caribean and Woodside Energy. Sheinbaum promised to implement dialogue tables to explain the reform of the Judiciary and the modifications to the electrical system. Asked if the recent problems of violence in different parts of the country, the president indicated that it was not an issue to be discussed at these tables: “Security was not an issue at the meeting, we at the work tables are going to have a discussion table. particular work on road safety, for example, which is of interest to the private sector and to us as well, and we propose the strategy we have, but at this time it is not a problem that has been raised for investment,” he explained.The president of Mexico speaks during the meeting with businessmen from Mexico and the United States. Andrea Murcia Monsivais (Cuartoscuro)The Secretary of Economy, Marcelo Ebrard, indicated that the main message from the cabinet to the 240 executives from Mexico and the United States was about certainty and certainty about the investments located in the country, as well as the creation of a digital single window that promises greater agility for binational businesses. The official assured that in a conservative calculation, a purse of 20,000 million dollars will be invested next year, however, the expectation could exceed 30,000 million dollars. Ebrard assured that this first meeting represents a starting signal for the review of the TMEC in 2026. In this same vein, President Sheinbaum has announced that her Government will seek to maintain the treaty with few modifications: “We are going to wait for the United States elections, but our narrative is that we complement each other, we do not compete with each other, we are the 30th. % of global GDP and that complementarity strengthens us compared to other regions of the world and at the same time allows us to continue expanding into a continental fortress,” concluded Sheinbaum.With an economic slowdown as a backdrop, the confidence of investors in Mexico is has been recently shaken by the controversial reforms to the energy sector and the judiciary, promoted by the previous López Obrador government. Now, the current Administration seeks to promote employment and economic activity, in alliance with the private sector, which is why this first face to face between Sheinbaum and the main executives of the companies has a crucial role. Sarah Bairstow, General Director of México Pacific, celebrated the attention of the head of the Executive at these tables. His company has promised to spend $15 billion on a liquefied natural gas terminal in the north of the country. The plant will import American natural gas, liquefy it and ship it to customers primarily in Asia. It is planned to take place in Puerto Libertad, between the coastal cities of Guaymas and Puerto Peñasco (Sonora). In addition to the 15 billion dollars from Mexico Pacific, Ebrard detailed that Royal Caribbean will invest 1.5 billion dollars for a tourism development in Mahahual, by sea, in Quintana Roo. Amazon will seek to strengthen its digital capacity in Mexico with 6 billion dollars between 2025 and 2026 and, finally, Woodside Energy will invest together with Pemex more than 10.4 billion dollars to build a fuel depot. The president of the Business Coordinating Council, Francisco Cervantes , celebrated this meeting and mentioned that it was the first step to establishing a more productive relationship throughout the six-year term. “There were many issues, the Digital Agency is very important for us, because that helps us fight corruption,” he declared. The representative of Mexican businessmen also predicts that this first pool of 20,000 million dollars in investment will be exceeded. The second day of the CEO Dialogue summit was marked by a handful of protests against the reform of the Judiciary in the vicinity of the National Palace. From the early hours of the morning, with banners in English and Spanish, drums and shouts, dozens of people arrived at the doors of the different entrances of this facility to protest the changes in the way of election of more than 7,000 judges and magistrates. To the cry of “Judge Voted, peso devalued!” and “Not one step back, not one step back!”, the protesters prevented access to the National Palace for hours. Behind closed doors, Sheinbaum and his cabinet presented their investment plan to Mexico's big capital, a roadmap that will be released in the coming days. The CEO High Level Dialogue was created in 2013 by the United States Chamber of Commerce and the Business Coordinating Council (CCE). Among the priority issues are investment, trade facilitation and trade policy, services and energy, as well as climate change. In the run-up to the elections in the United States—Mexico's main trading partner—this summit aims to be the first bridge for investment and the development of new projects between the two countries. In addition, we will seek to find solutions to other pressing problems on the agenda, for example, a more agile flow of goods at the border and the implementation of digitalization projects.