Who is Coparmex and Why are They Relevant?
Coparmex, or the Confederation of Mexican Business Chambers, is a prominent business organization in Mexico representing various sectors of the private industry. As one of the most influential business groups in the country, Coparmex plays a crucial role in shaping economic policies and advocating for business-friendly environments.
The USMCA and Its Importance
The United States-Mexico-Canada Agreement (USMCA) is a trade agreement that replaced the North American Free Trade Agreement (NAFTA) in 2020. The USMCA aims to modernize and strengthen trade between the three countries by addressing issues such as labor rights, digital trade, and automotive rules of origin.
Juan José Sierra’s Call to Action
During the Summit with Large Companies, Juan José Sierra, president of Coparmex, emphasized the need to strengthen the USMCA before its review in 2026. Sierra highlighted that businesses will continue to advocate for security, legal certainty, and public policies that encourage investments to arrive and stay in Mexico.
The USMCA’s Next Review and Its Opportunity
The upcoming review of the USMCA in 2026 presents a unique opportunity for Mexico to reaffirm itself as a reliable actor in the region. Sierra stressed that Mexico must capitalize on the advantages offered by the USMCA to foster a stable, secure, and predictable environment for investments.
Coparmex’s Strategic Partnerships
In conjunction with the summit, Coparmex and Banco Azteca signed a convention to provide attractive benefits from the Salinas Group companies to Coparmex’s 71 business centers and their affiliated companies across Mexico.
Alejandro Valenzuela’s Perspective
Alejandro Valenzuela, president of Banco Azteca and Azteca Servicios Financieros, acknowledged the significance of the USMCA. He explained how this agreement transformed Mexico from an autarkic, closed, and mono-exporting economy to one that embraced global competition and diversified its trade partners.
Coparmex’s Three Pillars for Economic Growth
Sierra outlined three fundamental pillars for Mexico’s economic growth:
- Strengthen the USMCA as a strategic tool to stimulate investment, employment, and legal certainty.
- Diversify markets to reduce risks and expand the reach of Mexican exports.
- Promote national development through policies that encourage innovation, infrastructure, financial inclusion, and the empowerment of small and medium-sized enterprises (SMEs), the true heart of Mexico’s economy.
Coparmex’s Commitment to a More Competitive Mexico
Juan José Sierra reaffirmed Coparmex’s commitment to being a constructive and proactive actor in the national agenda, always working towards a more competitive, innovative, and prosperous Mexico. He urged the strengthening of the USMCA, market diversification, clear rule-of-law frameworks, accelerated digitalization, energy infrastructure development, and the preservation of Mexico’s unique talents.
Key Questions and Answers
- What is Coparmex? Coparmex is the Confederation of Mexican Business Chambers, a prominent business organization representing various sectors in the private industry.
- What is the USMCA? The United States-Mexico-Canada Agreement (USMCA) is a trade agreement that replaced NAFTA in 2020, focusing on modernizing and strengthening trade between the three countries.
- Why is the USMCA review in 2026 important? The upcoming review presents an opportunity for Mexico to reaffirm itself as a reliable actor in the region and capitalize on the advantages offered by the USMCA to foster a stable, secure, and predictable environment for investments.
