ECONOMY

Navigating Mexico’s 2024 Elections: Concerns and Priorities for Industrialists

As Mexico approaches the 2024 electoral process, industrialists are voicing their primary concerns, focusing on two crucial issues: national security and the job security of workers amid the rise of new technologies. Esperanza Ortega, President of the National Chamber of the Transformation Industry (Canacintra), highlighted these key points.

Foremost among these concerns is the matter of security. Ortega stressed the need for continuity in addressing this issue and emphasized collaboration among various agencies, particularly the National Guard. She underscored the necessity of widespread participation to ensure the country’s success.

In the realm of innovation, Ortega pointed out the importance of establishing conditions that guarantee job stability for workers, especially with the ongoing advancement of technologies like artificial intelligence. While recognizing the presence of AI, she expressed confidence that it cannot fully replace human collaborators.

Ortega also emphasized the significance of promoting nearshoring, which involves companies relocating closer to their target markets. To facilitate this, she noted that all Mexican states should possess the required infrastructure. Currently, certain regions, including Nuevo León, Baja California, Querétaro, Jalisco, Coahuila, San Luis Potosí, Aguascalientes, Chihuahua, and even Yucatán, enjoy the benefits of this trend.

Regarding public policy, Ortega called for a comprehensive review of existing policies, advocating for necessary changes and improvements, particularly at the local government level. She stressed the pivotal role of local governments in creating favorable conditions, urging the Mexican State to facilitate this process.

Canacintra, operating as a non-partisan organization, aims to contribute to the nation’s growth. Ortega articulated that the incoming administration should continue effective policies, improve those with shortcomings, and eliminate unproductive ones. She also highlighted the importance of policies targeting young entrepreneurs and established companies, asserting that Mexico requires more businesses. Ortega emphasized the necessity of creating conditions, opportunities, programs, and incentives to support emerging talents and established enterprises alike.

In conclusion, Canacintra’s stance underscores the importance of national security, job stability in the face of technological advancements, nearshoring, and proactive public policies as essential factors to address the nation’s challenges and promote economic growth.

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