Overview and Key Players
The Mexican Secretariats of Economy and Foreign Affairs have announced the internationalization of Plan México, aiming to promote and strengthen this project abroad to attract more foreign investments.
During the announcement at the Foreign Ministry, accompanied by Economy Secretary Marcelo Ebrard and CCE (Council of Mexican Employers) President Francisco Cervantes, Foreign Affairs Secretary Juan Ramón de la Fuente revealed that Mexico’s network of 162 embassies, consulates, and missions to international organizations will actively, effectively, and committedly contribute to promoting the Plan México.
Importance and Objectives
De la Fuente emphasized the significance of internationalizing Plan México with strategic partners, highlighting its importance within the framework of Mexico’s sovereignty.
Ebrard, the Economy Secretary, stressed that foreign investment is crucial as many production chains will be relocated, and Mexico aims to participate in this shift.
CCE President Cervantes pointed out that, amidst commercial uncertainty, Mexico’s network of free trade agreements serves as a “symbol of confidence” to bolster the national business sector.
Collaboration and Investment Opportunities
Cervantes mentioned that negotiations with various countries are underway to establish business plans. He explained that Plan México aims to create a conviction worldwide that investing, trading, and creating new businesses in Mexico is viable and attractive.
Mexico’s openness to the world is underscored by its 12 free trade agreements with 47 countries and promotional reciprocal investment agreements with 33 more, alongside similar treaties with Latin American countries and those included in the Trans-Pacific Partnership.
The business sector collaborates with the federal government to make Mexico a more attractive country. As part of Plan México, mixed-investment infrastructure projects will be developed, including opportunities in the energy sector.
Key Policy Initiatives
Another focus is fostering investment through development poles or well-being initiatives, along with a more transparent regulatory framework for public procurements. The ongoing public procurement reform and the upcoming National Law to Eliminate Bureaucratic Procedures and Corruption aim to streamline these processes.
Key Questions and Answers
- What is Plan México? Plan México is a government initiative to promote economic and social development through foreign investment attraction.
- Who is involved in promoting Plan México? The Mexican Secretariats of Economy and Foreign Affairs, along with the private sector represented by the CCE, are collaborating to promote Plan México internationally.
- Why is internationalizing Plan México important? It strengthens Mexico’s position in the global market, showcasing its commitment to foreign investment and free trade agreements.
- What types of investments does Plan México encourage? Plan México aims to attract investments in various sectors, including energy, infrastructure, and well-being initiatives.
- What regulatory changes support Plan México? The ongoing public procurement reform and the upcoming National Law to Eliminate Bureaucratic Procedures and Corruption aim to create a more transparent and efficient business environment.
