Mexico's Sheinbaum lays out roadmap to make country economic powerhouse

Record ID: 1899923

  • Title: Mexico's Sheinbaum lays out roadmap to make country economic powerhouse
  • Date: 13th January 2025
  • Summary: MEXICO CITY, MEXICO (JANUARY 13, 2025) (REUTERS) MEXICAN PRESIDENT CLAUDIA SHEINBAUM AND MEXICAN ECONOMY MINISTER, MARCELO EBRARD, WALKING TOWARDS PODIUM SHEINBAUM GREETING ATTENDEES NEWS CONFERENCE AT ANTHROPOLOGY MUSEUM’S PATIO (SOUNDBITE) (Spanish) MEXICAN PRESIDENT, CLAUDIA SHEINBAUM, SAYING: “These are our goals. As you can see, they are ambitious goals. For example,
  • Embargoed: 27th January 2025 20:28
  • Keywords: Claudia Sheinbaum Marcelo Ebrard Mexico conference economy
  • Location: MEXICO CITY, MEXICO
  • City: MEXICO CITY, MEXICO
  • Country: Mexico
  • Topics: South America / Central America,North America,Government/Politics
  • Reuters ID: LVA001292813012025RP1
  • Aspect Ratio: 16:9
  • Story Text: Mexican President Claudia Sheinbaum on Monday (January 13) rolled out her administration's roadmap to make the nation one of the world's top economies by the time she leaves office.
    Mexico, currently the No. 12 economy according to World Bank data, aims to crack the Top 10 by 2030, Sheinbaum said.
    The nation will do so by boosting local manufacturing and swapping out imports, creating manufacturing jobs and cutting through red tape to attract investments in the country, Sheinbaum said.
    The business-friendly agenda represents a shift in tone from Sheinbaum's predecessor and mentor, President Andres Manuel Lopez Obrador, who left office in October and often tussled with private firms.
    The moves come as trade tensions with the United States - Mexico's top trade partner - are heightened on tariff threats from U.S. President-elect Donald Trump, who has accused Mexico of being a back door for Chinese goods to circumvent existing U.S. tariffs.
    Mexico denies such accusations, but has since cracked down on contraband goods coming into the country from Asia and rolled out tariffs targeting e-commerce giants such as Shein and Temu.
    Sheinbaum's administration will boost local sourcing in the key textile and automotive industries, the presentation showed, while also working with Mexican steel producers, who have long accused China of undercutting the market.
    (Production: Diego Delgado, Nina Lopez)
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2025. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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