Mexico's industrial policy is undergoing a major transformation with the unveiling of Plan Mexico by President Claudia Sheinbaum. This six-year initiative aims to attract $277 billion in investments, reduce imports from Asia, primarily China, and enhance domestic production. Key goals include creating 1.5 million specialized manufacturing jobs and increasing national content in strategic sectors by 15%. Sheinbaum defends tax incentives totaling 30 billion pesos to support both local firms and foreign companies relocating. Uncertainty in the economy poses challenges, yet the plan is designed to solidify Mexico's position among the global top 10 economies.
President Claudia Sheinbaum's Plan Mexico aims to radically shift industrial policy, targeting $277 billion in investments and boosting domestic production to enhance local businesses.
The initiative's ambitious goals include creating 1.5 million jobs, increasing national content by 15% in key sectors, and enhancing training for 150,000 professionals annually.
Launching with tax incentives of up to 30 billion pesos, the plan seeks to simplify support for foreign companies moving to Mexico, though its details remain somewhat ambiguous.
Presented at the World Economic Forum, the initiative was framed as not a direct response to Trump’s tariff threats, despite the challenging economic context.
Collection
[
|
...
]