More than the result of the popular consultation to repeal the mandate, which ended with the ratification of President Andres Manuel Lopez Obrador – to which none of the governors of his party who were elected with him in 2018 wanted to succumb, not even the head of the CDMX government, Claudia Sheinbaum, who is supposed to head the funds The ballot to succeed him in 2024 – What should grab the attention and attention of Mexicans now is the debate that will take place in the Chamber of Deputies, where on Tuesday 12 the plenum will decide whether or not to approve the electrical reform that the president is promoting through the Morena legislative group and that the PAN seats And the PRI, PRD and Citizens’ Movement have completely rejected it.
And last week, after a plenary session of the Supreme Court upheld the constitutionality of said law, the US ambassador to Mexico, Ken Salazar, warned that the Electricity Industry (LIE) law “potentially opens the door to endless litigation, creating a situation of ineffectiveness.” Uncertainty hinders investment.”
If the electrical reform is approved as proposed by the Executive Director to the Congress of the Union, the prospects will not look good for the country, because for the third year in a row, Mexico has been excluded from the ranking of the 25 most attractive countries for its attraction. Foreign investment: Direct investment (FDI) in 2022, due specifically to institutional changes and reforms such as the energy reform that the Obradorista government is seeking to impose, as warned last week by consultancy firm and international specialist Kearney.
Presenting the 2022 FDI Confidence Index, the organization’s director-general, Ricardo Hunin Hawa, said investors consider Mexico less attractive to take their investments due to changes in corporate rules and international issues. Like the war between Russia and Ukraine.
Although Mexico has improved its confidence index, it is still among the 25 most attractive countries globally for directing foreign direct investment. Expectations of institutional changes and reforms that make the modern economy competitive, such as energy, as well as investments in infrastructure by the federal government, are issues that run counter to Mexico’s positive position with global investors.”
He warned that the effects of electrical reform are not paying the costs of development and growth in Mexico, as it would be a disadvantage for both national and international private sector companies, which could drive more investment off Mexican soil if reform passes like this. It is certain.
“By maintaining the position of the Federal Electricity Commission (CFE), industry and all the competitive elements that we are talking about in the modern sector of the Mexican economy, they will have a gap of competitive disadvantage, and they are going and warned that to make continuing to generate investments less attractive especially for the following, for a period 10 or 15 years, we will lose the overall position, if the country’s counter-reform succeeds.
He noted that factors detrimental to competitiveness and investment growth in Mexico are increased pressures on independent institutions, impediments in public policies, management’s proposal on electricity reform and decreased proactive activity to boost growth.
Since the launch of the FDI Confidence Index in 1998, Mexico has been outside the top 25 only four times: 2011, 2020, 2021 and 2022.
In 2019, eight places have fallen in the ranking of countries attractive to access to foreign direct investment, moving from 17 to 25 since the study was released in 2012, and this is derived from the secondary effects of the global economic recession of 2009, and instability, so Mexico did not appear on the list .
In 2004, it was at number 22, while in 2012, Mexico was not in the ranking of attractive countries to invest in; In 2010, it was at its highest point, coming in at number eight and by 2019 it was at number 25.
The director of the consulting company and international specialist, Kearney, explained that the United States is the first country in the ranking, as Germany advanced to second place, while Canada fell to third place, Japan moved to fourth place, and the United Kingdom fell to fifth place. location.
“The ten major markets remain practically unchanged, with the exception of China, which rose to the tenth place. Developed markets provide greater stability and security for investors whose strategies and outcomes have been affected by the pandemic. He noted that transparency in government regulations and less corruption are factors.
CUITLÁHUAC and the team complied
Last night, according to figures released by the Government Palace, at least 1,200,000 residents of Veracruz participated in the de-authorization consultations, about 90 percent of whom voted to ratify President Andres Manuel Lopez Obrador.
That number represents nearly half of the two million votes Tabascan received in 2018 in the 2018 presidential election, and now only 30 percent of the polls have been installed nearly four years ago.
Last night, Governor Cuitláhuac García came out to celebrate in Plaza Lerdo with the resounding result in favor of the President’s endorsement. Accompanying Veracruz President Isabel Ines Romero Cruz, Supreme Court Justice and State Judicial Council Judge. Under Secretary of Administration and Finance, Elizar Guerrero, and Director of the Judiciary of the State of Veracruz, Joanna Marlene Bautista Flores, both prominent members of the “Unidos Todos” organization, which has launched an intense campaign to promote popular consultation for abolition.
The one not physically seen at the ceremony is the coordinator of the local deputies of Morena, Juan Javier Gómez Cázarin, but the head of the state’s executive branch knows that the native of Huyapan de Ocampo, is an essential part of his political team. operators, he also fully complied with the task assigned to him.
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