Mexico's new industrial policy must be rethought in light of trade tensions and protectionist measures imposed by the Trump administration. It is necessary to redesign the industrial apparatus with a focus on innovation and modernization of key sectors such as advanced manufacturing, technology, and renewable energies. The creation of incentives for the adoption of technologies such as automation and the digitization of processes is proposed, promoting strategic partnerships with Mexican and American companies.
A fundamental strategy would be to direct industrial policies toward green sectors and clean energies to uphold sustainability commitments made in Paris. Investing in technical education, research and development, as well as in industrial infrastructure to improve competitiveness and reduce costs in the face of potential protectionist barriers is suggested. The new industrial policy must be accompanied by the redesign of the trade agreement with the United States and Canada, fostering continuous dialogue to achieve mutually beneficial renegotiation.
The reissue of the Trump administration's industrial policy presents a protectionist approach prioritizing national production. The proposed strategy seeks to replace imports of Chinese inputs and develop a strategy aligned with the concept of 'made in North America.' At the same time, efforts aim to diversify exports to reduce dependence on the United States and strengthen trade relations with other regions such as Latin America, Europe, and Asia.
The Biden administration, with its focus on investment and the development of alternative technologies, presents a different scenario for the renegotiation of the treaty. In a context where China has strengthened its position as an economic power, it is necessary to consider new strategies to maintain competitiveness. With the change in the global scenario, Mexico must redefine its industrial policy to reduce dependence on the United States and face the challenges of the evolving global context.
