Nearshoring investments require the rule of law: América Móvil

The relocation of companies, also known as nearshoring, has emerged as an economic opportunity for Mexico, thanks to the fact that companies from various industries are seeking to establish their investments in national territory to streamline their production and supply to the United States.

The director recalled that currently 80% of the country’s investment is made up of the public-private sector, derived from a commercial relationship of common interest with the United States and Canada.

“These partners are the key to accelerating development. With national unity and the rule of law, these dynamics have enormous potential to generate strong and sustained growth, create more jobs, eliminate extreme poverty and position our country in a privileged place in the global economy,” said Slim Domit at the event. The New Mexico of the 21st Century of Telmex and Telcel.

The executive’s statement is framed in a context in which the Judicial Reform, proposed by President Andrés Manuel López Obrador and still under discussion for approval, has aroused uncertainty among investors.

The reform proposes a complete restructuring of the Supreme Court of Justice of the Nation (SCJN), with the election of new justices in 2025 and the gradual replacement of judges and magistrates. But these changes could reduce legal certainty in the long term and even cause problems in the T-MEC trade agreement.

Slim Domit recalled that for 49 years, from 1933 to 1981, Mexico grew at 6.2% annually, but this did not happen in the four decades that followed, from 1982 to 2024. “But if the nation had grown at least at 4.9%, the income per person would be $45,670, 3.5 times higher than the current $12,900.” For this reason, he emphasized the need to generate the necessary conditions to attract investments that help boost the country’s economy.