VOLTAR

1. Mexican President Announces U.S. Investment of $20 Billion by 2025 

Businessmen from Mexico and the United States committed investments by 2025 that will exceed 20 billion dollars, President Claudia Sheinbaum announced at a conference after participating in the CEO Dialogue, held at the National Palace with the attendance of more than 240 businessmen.

Marcelo Ebrard, Secretary of Economy, explained that three of the projects are confirmed and, if the fourth is completed, the investment would exceed 30 billion dollars. Two of them are in energy, one in tourism and the other in technology. The firms involved are Mexico Pacific, Royal Caribbean, Amazon and Woodside Energy. 

Excélsior: Detonarán inversiones por más de 20 mil mdd

2. U.S. government and businessmen concerned about judicial reform 

Katherine Tai, U.S. Trade Representative, expressed the concern of the government she represents and the business community about the broad judicial reform that is being carried out in Mexico, due to its possible consequences for its private sector.

Other U.S. officials have already expressed doubts about the reform, since their perception is that there will be a loss of independence of the Judiciary and the rule of law, which will lead to a deterioration of the business environment and the eventual cancellation of investment projects in Mexico.

La Jornada: Preocupa a gobierno y empresarios de EU la reforma judicial

3. Senate approves energy reform; sends the opinion to the state legislatures

With the qualified majority of Morena and its allies, the Senate approved the constitutional reform that returns Petróleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE) their character as public companies and returns to the Mexican State the control of their strategic resources.

Among the arguments in favor, some congressmen explained that the modification returns energy sovereignty to the country, since it establishes that electricity, hydrocarbons, lithium and the Internet will no longer be the object of speculation and hoarding by private interests, this to fulfill its social function and maintain affordable rates.

Senado de la República: Aprueba Senado reforma en materia energética; envía el dictamen a las legislaturas estatales 

4. Industry loses 41-month upward streak 

The Mexican industry gave another sign of its loss of dynamism by reporting a 0.3 percent annual drop in August, after a long streak of 41 months with advances; Some analysts predict that it will remain weak in the coming months. According to INEGI’s Industrial Activity Indicator, in its monthly comparison the industry fell 0.5 percent, its first stumble since April of this year.

El Financiero: Industria ‘tropieza’ y pierde racha de 41 meses al alza 

5. Request to the Secretary of Economy to have sanctions in new e-commerce regulation 

Businessmen in the textile sector, among others, asked the Ministry of Economy to include sanctions and effective tracking in the new regulation that prepares for e-commerce imports.

The federal government is preparing to issue an agreement to regulate the number of shipments, traceability and commercial information related to consumer protection in products imported by e-commerce platforms through courier and parcel services.

El Economista: Piden a Economía que haya sanciones en nueva regulación del e-commerce