Ebrard rules out investment cuts due to judicial reform

by times news cr

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There is no reason to assume that the approval of the reform to the Judicial Branch will interfere with the flow of investments in Mexico, he assured. Marcelo Ebrardnext Secretary of Economy.

Interviewed after participating in a forum on artificial intelligence, the former foreign minister also said that the arrival of capital into the country will not stop.

“It will continue (investment) structurally in Mexico and the United States. This year Mexico has already established itself as the main partner of the United States; I would emphasize that in terms of foreign investment, exports from both countries and the number of people from both countries living outside the country, both from the United States and Mexico (…) we have the largest North American community in the world.

“All this leads to structural integration, today it is a judicial reform, we are going to implement it well, Mexico is going to improve its judicial system, that is what is going to happen, that is the result that is sought and economic integration is not going to continue but rather it will grow.”Ebrard considered.

Questioned about the nervousness of international rating agencies, the future Secretary of the Economy recalled that the day before yesterday there was one of the most successful investment placements in recent times.

He emphasized that in Mexico all investments are protected by law.

“There is no provision in the judicial reform that could put investments at risk, there is no reason for that. Mexico has signed international treaties, the Constitution protects property, legitimate investments.

“I don’t see any reason why there will be any impact on investments. I think the opposite is true: you will have an increase in investment in Mexico.”he said.

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He added that investment capital is coming for railways like the company Arsenalwhich is the largest rail tourism group invited by the Secretary of Tourism.

In addition, Ebrard said, there will be investments in various aeronautical projects and he recently had meetings with finance ministers from other nations. “And nobody told me: hey, we are going to limit investments in Mexico”.

He stressed that the cost of energy in Europe at the moment is “soaring” and in Mexico there is a low cost of energy and that is what is seen in the world beyond the day-to-day situation.

2024-09-17 20:13:39

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