From Germany, Concamin calls for nearshoring
Mexico must take advantage of nearshoring to increase the Gross Domestic Product (GDP) above 4% from 2024 onwards, supported by an industrial policy, said José Abugaber, President of the Confederation of Industrial Chambers (Concamin).
During his participation in a round table at the Hannover Messe industrial fair for technology and innovation in Germany, José Abugaber stated that Mexico is presented with a great opportunity to become an industry center and they are working towards making it a reality.
He explained to German and other European business leaders that Mexico has the necessary conditions to relocate manufacturing and take advantage of the USMCA.
To the Mexican delegation that also attended the fair, made up of the presidents of CCE, Coparmex, AMIB, INA, and Canacar, Abugaber told them that Mexico has two important opportunities to boost its economy: industrial policy and nearshoring.
He added that it is necessary to promote an industrial policy and take advantage of the opportunities offered by nearshoring, with the aim of achieving a growth rate of 4% or more for Mexico from 2024 to 2040.
Eleconomista.com.mx. (2023, April 17). Desde Alemania, Concamin invoca al nearshoring. El Economista. https://www.eleconomista.com.mx/empresas/Desde-Alemania-Concamin-invoca-al-nearshoring-20230417-0117.html