Altagracia Gómez, coordinator of the Regional Economic Development and Relocation Advisory Council, declared yesterday that Mexico is positioning itself as the best place to invest in the world.
He highlighted that the country has talent, industry, infrastructure and communications, location and scale. “Mexico has the desire, the will to improve things, change what does not work and grow,” he commented at the annual conference of the Council of the Americas.
“We do not have to convince those who are here today that Mexico is a good place to invest. The majority of those who are here have spent decades investing and believing in the country, being allies of economic development, generating jobs, paying taxes, contributing to well-being,” he added.
In the panel The T-MEC and the future of regional integration, Óscar del Cueto, president of the American Chamber of Commerce of Mexico, highlighted that it is necessary to review the tariffs imposed on Mexico.
“They are putting us at a disadvantage. Asia and Europe bring products that have no participation in North America and have lower tariffs. We are paying higher fees in Mexico, even though we have products that cross the border eight times. The proposal is to see how to reduce these tariffs to products made in North America” and create a tool to track the goods that enter the region.
In turn, Sergio de la Maza, president of the National Chamber of the Iron and Steel industry, considered it unlikely that the T-MEC review would be signed on July 1st. “I think we are going to reach an agreement, but what is hurting us the most is the uncertainty.”