MEXICAN PRESIDENT UNVEILS ECONOMIC ROADMAP – Sheinbaum says Mexico aims to be amongst Top 10 Economies by 2030
Mexican President Claudia Sheinbaum has rolled out her administration’s roadmap to make the nation one of the world’s top economies by the time she leaves office.
Sheinbaum said Mexico, which is currently the No. 12 economy according to World Bank data, aims to crack the Top 10 by 2030.
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.
Mexico has 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.
