Wed. Apr 24th, 2019

They warn that Mexico needs 30,000 million dollars of private investment

They warn that Mexico needs 30,000 million dollars of private investment

Mexico requires $ 30,000 million of private investment to improve its economic and growth prospects, warned Friday the president of the Business Coordinating Council (CCE), Carlos Salazar Lomelín.

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The private sector in Mexico knows how much is needed to invest in Mexico and that figure is 30,000 million dollars, said Salazar after attending the XI convention of the US-Mexico CEO Dialogue held in the Mexican city of Merida.

On the meeting in this convention of businessmen of both countries and their authorities, Salazar said he was "very happy".

"We touch on the issue related to the treaty (T-MEC), there is a commitment from everyone, to be able to move forward, we hear the words of US officials who have the same commitment and will try to push, he said.

"On the Mexican side, the only thing we were missing to be totally certain is the labor reform that happened yesterday (in the Congress of the Union) and with this I think we have the process quite advanced," he added.

Salazar said that all this should translate into what matters most, which according to him, is investment "because if there is investment, there is employment, if there is employment there is growth and we fight all the problems that concern us so much in Mexico".

He added that like them, the Mexican president, Andrés Manuel López Obrador, left "just as happy" of this meeting by the signing of an agreement between the CCE and the Chamber of Commerce of the United States to realize all these purposes.

In another matter, referring to the trade barriers on the border between the two countries, Salazar said that the problem of that area is one of a humanitarian, not economic, type due to the arrival of Central Americans in thousands and now of Africans.

"It is not a problem for Mexicans, (US President Donald) Trump pressures us to see that Mexico reacts, it is not an issue that will affect the relationship between Mexico and the United States," he said.

On the Mayan Train, maximum infrastructure project of the current Mexican government, admitted not knowing it thoroughly, but said that it will have the opportunity to become familiar when it is presented to businessmen in the United States.

Likewise, he said he had knowledge of investment options in Mexico in projects such as ports, roads, in aeronautics and energy businesses, "of all kinds".

The US-Mexico CEO Dialogue Convention has been held for some years and works as a rapprochement between the private sectors of both countries.

BBVA Bancomer reported last Monday that it has lowered the outlook for economic growth expected this year for Mexico from 2% of GDP to 1.4% due to the "weakening" of Mexican exports.

"This year we have revised it down to 1.4% based on these two factors: the delay in the recovery of investment and, above all, the weakening of the export sector," he explained at a press conference in Mexico City. chief economist of the financial institution, Carlos Serrano.


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