‘Presidential parties must send positive signals to investment’

by times news cr

2024-05-03 18:15:09

At a time when the country requires investment and relocation is in process, the presidential candidates They must send positive signals, said the Center for Economic Studies of the Private Sector (CEESP).

He stated that the political environment during the electoral period possibly encourages greater caution among investors, at a time when there are positive expectations for the nearshoring.

In their weekly overview of the economy, private sector financial analysts highlighted that Mexico had up to 73 investment announcements between January 1 and March 15 of this year, as reported by the Ministry of Economy“with an expectation of 31 thousand 512 million Dollars that will be reflected in the results of foreign direct investment (FDI) in the next two to four years.”

The entity of Business Coordinating Council (CCE) called for harmony between the candidates and the current Government, since this will have a positive effect on the prospects for productive investment and household well-being.

“A clear concept that must be in the proposals of the contenders for the presidency is that economic growth is a necessary condition for the progress of social well-being, and in turn private investment is a necessary condition for this.”

He recalled that in 2023, 89% of the total investment came from the private sector. And in that sense, large companies, which represent the 0.02% of taxpayers, generate 51% of the total tax collection.

The economic specialists highlighted that when adding the rest of the legal entities – which constitute the 4% of taxpayers collection generated by the country’s private companies rises to 72% which helps the public coffers.

“If the government’s position were supportive of generating a competitive, dynamic and safe business environment and not adverse to private initiative as it sometimes seems to be, in order to maintain the loyalty of the electoral base…Mexico’s growth capacity would be greater,” he said.

2024-05-03 18:15:09

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