Related Articles
-Editorial
The President of Mexico, Claudia Sheinbaum Pardo, announced a significant initial investment of over $20 billion set to flow into Mexico by 2025. This major development was revealed following the High-Level Summit between Mexican and American business leaders at the National Palace. The summit brought together 240 executives from companies in both nations, discussing economic collaboration and future growth opportunities.
Sheinbaum emphasized the productive nature of the summit, coordinated by the U.S. Chamber of Commerce and Mexico’s Business Coordinating Council (Consejo Coordinador Empresarial). She highlighted the importance of the United States-Mexico-Canada Agreement (USMCA) in fostering a complementary economic relationship across North America, which benefits all three countries.
“We come from a very important and productive meeting with business leaders from the United States and Mexico. We discussed the strength of the trade agreement with the U.S. and Canada, the significance of foreign investment in Mexico, and how private and public investments can work together to drive development,” said Sheinbaum. She confirmed at least four major investment projects amounting to roughly $20 billion to be initiated by 2025.
The announced investments include a $15 billion project from Mexico Pacific, $1.5 billion from Royal Caribbean Group, $6 billion from Amazon, and $10.4 billion from Woodside Energy for a fuel storage facility at Petróleos Mexicanos (Pemex). These initiatives will be spread across various regions in Mexico, with specific projects such as Royal Caribbean’s investment in Mahahual, and Quintana Roo, which will contribute to the development of the region and tie in with the ongoing Maya Train project in the southeastern part of the country.
Sheinbaum highlighted the role of the USMCA in creating a non-competitive, complementary trade relationship across North America. The agreement is seen as vital for boosting the continent’s economy and forming a significant development bloc. She noted, “The USMCA strengthens us to continue improving the economy of the entire continent, creating a powerful economic bloc that fosters development.”
During the summit, Mexican and American business leaders welcomed the forthcoming establishment of the Digital Transformation Agency, which aims to streamline processes for private investment in Mexico. Sheinbaum also assured that recent legal reforms in Mexico, including those affecting the judiciary and the energy sector, are designed to reinforce the rule of law and provide certainty for investors.
The summit paved the way for establishing various working groups under the Ministry of Economy to ensure that recent legislative changes do not pose risks to investments. “We proposed working groups to discuss reforms to the judiciary and the energy sector. These reforms are not obstacles to investment; rather, they strengthen the rule of law,” stated Sheinbaum.
Economy Secretary Marcelo Ebrard Casaubon highlighted the possibility of increasing the confirmed $20 billion investment to $30 billion in the coming months. “The fact that these amounts were announced at the first CEO Dialogue with the President speaks volumes about investor sentiment and their confidence in this new administration and Mexico’s prospects. It is excellent news,” Ebrard said.
Francisco Cervantes Díaz, President of the Business Coordinating Council, remarked that the initial $20 billion is only the beginning of a wave of investments expected to flow into Mexico, reflecting the country’s privileged position on the global stage. Guillermo Vogel Hinojosa, Vice President of Tenaris’ Global Council and Co-Chair of the CEO Dialogue, expressed optimism about the summit’s outcome, which laid the foundation for ongoing dialogue and collaboration to benefit the people of both nations.
Sarah Bairstow, CEO of Mexico Pacific, Co-Chair of the CEO Dialogue, and President of the US-Mexico Economic Council, echoed this optimism, noting the favorable investment climate and the country’s future under President Sheinbaum’s leadership. Suzanne P. Clark, President and CEO of the U.S. Chamber of Commerce, reiterated that Mexico is the United States’ most important trading partner and a crucial ally, appreciating Sheinbaum’s commitment to engaging in dialogue with the private sector.
