Altagracia Gómez, Chairwoman of the Board at Promotora Empresarial de Occidente (PEO), highlights that Mexico is in a favorable position to leverage the National Relocalization Strategy. This strategy prioritizes key sectors such as semiconductors, electromobility, aerospace, pharmaceuticals, and medical devices, with the potential to elevate the country on the global stage.
Key Points Mentioned by the Chairwoman:
- Nearshoring Opportunity: Gómez points out that nearshoring represents a significant opportunity for Mexico, offering a path to overcome the historically low economic growth and foster shared prosperity.
- Talent Advantage: Mexico is the sixth country with the highest number of engineers, with 159,000 graduates annually, providing a substantial competitive edge in technological and highly specialized sectors.
- Positive Reforms: Recent reforms, such as the minimum wage increase, pension law reform, and the ban on outsourcing, have strengthened the internal market, benefiting both workers and businesses.
- Infrastructure Challenges: While Mexico has made progress, it still faces challenges in infrastructure. Investments in construction and development are crucial for improving logistical competitiveness and generating employment.
- Planning and Promotion: Gómez emphasizes the importance of long-term strategic planning and coordinated promotion among businesses, governments, and associations to attract investment.
- Economic Strengths: Mexico has the lowest unemployment rate in the OECD and is the most important trade partner of the United States, reinforcing its position as an attractive destination for FDI.
- Regional Initiatives: The National Relocalization Strategy includes the development of corridors and development poles, such as the Trans-Isthmus Corridor, which support strategic investment and linkages with local suppliers and universities.
Gómez concludes that Mexico, with its talent, reforms, and development potential, is well-positioned to attract foreign investment and significantly contribute to global value chains.
REFERENCES:
- La relocalización es una gran oportunidad para las empresas y para el país: Altagracia Gómez. (2024). En El Economista. Yolanda Morales. Recuperado 1 de agosto de 2024, de https://www.eleconomista.com.mx/economia/La-relocalizacion-es-una-gran-oportunidad-para-las-empresas-y-para-el-pais-Altagracia-Gomez-20240801-0049.html
