Strengthening North America: Economic Strategies from Coparmex

The Employers' Confederation of the Mexican Republic (Coparmex) highlights the importance of fostering integration in value chains and eliminating tariff barriers through chapter 25, thus promoting digitization and access to international trade, which directly benefits Micro, Small, and Medium Enterprises (MiPyMEs) and strengthens their competitiveness and sustainability. The border region between Mexico and the United States generates an economy equivalent to the third or fourth largest in the world. In a polarized global environment, it is essential to prioritize mutual respect and cooperation to address common challenges and strengthen North America's competitiveness. Coparmex addresses the challenges and opportunities presented by the current situation, as well as proposals to strengthen the bond between Mexico and the United States under an Inclusive, competitive, and sustainable Development Model. The Treaty between Mexico, the United States, and Canada (USMCA) is crucial to guarantee the region's competitiveness. Coparmex proposes strategic actions to consolidate North America as the most competitive region in the world, attracting investment, generating jobs, and promoting environmental sustainability. Among the proposals are the review of the USMCA to promote inclusive growth, generate jobs and attract investment, create incentives for the generation of formal jobs, promote a culture of peace, and strengthen the relationship between Mexico and the United States on a basis of trust. Juan José Sierra Álvarez, national president of Coparmex, is in Washington D.C. along with other leaders and Mexican entrepreneurs, where he has reaffirmed the commitment to work to consolidate North America as the most competitive region in the world. In a bulletin issued by Coparmex, it is highlighted that the arrival of Donald Trump to the presidency of the United States has created an environment of tension and uncertainty in the bilateral relationship. American investments in Mexico have been decisive for economic dynamism, with significant investment announcements. Migration, remittances sent by nationals, and cooperation in security are also key aspects of the bilateral relationship, which require a collaborative approach to ensure the economic and social stability of the region. Cooperation between Mexico and the United States is essential to address common challenges such as organized crime, drug and arms trafficking, and money laundering. The USMCA recognizes the crucial role of micro, small, and medium enterprises (MiPyMEs) in regional economic development, and this historical moment offers opportunities to boost the economic and social development of Mexico. Bilateral cooperation through agreements like the Bicentennial Understanding has been key to facing shared challenges.