Feb 11 β€’ 09:30 UTC πŸ‡²πŸ‡½ Mexico El Financiero (ES)

Reinforcing the Role of Business Chambers to Boost Investment

Strengthening the role of business chambers in Mexico is crucial for increasing investment and enhancing industrialization with added value.

In Mexico, reinforcing the role of business chambers is seen as essential to elevate investment levels and transition from passive nearshoring to a more value-added industrialization model. This involves articulating a better collaboration between the state, businesses, and territories, which requires designing a strategic framework equipped with specific instruments that align with a medium-term productive development vision. The idea is not only to increase investment but to ensure that it translates into sustainable industrial growth and economic prosperity.

To achieve these goals, there is a call to revamp the organizational structure of key chambers such as CANACINTRA, CONCAMIN, and COPARMEX, transforming them from merely representing sectors into dynamic investment, innovation, and supply chain platforms. This evolution necessitates establishing permanent technical units within these chambers staffed by experts in industrial economics, financing, and technology. The aim is for these units to develop comprehensive sectoral investment portfolios, focusing on strategic areas such as metal-mechanics, semiconductors, agro-industry, logistics, and digital economy, enriching the potential for development in these fields.

The implications of this proposal are significant, suggesting that a more proactive and organized approach by business chambers can lead to improved economic outcomes. By creating structured pathways for investment and collaboration among various economic actors, Mexico might better harness the benefits of nearshoring trends. Ultimately, this initiative could contribute to a resilient economic strategy that not only attracts investment but also fosters innovation and job creation in the long run.

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