At a conference in Beverly Hills, California, business leaders and Mexican officials discussed the importance of strengthening the trade partnership between the United States and Mexico. Mexico's Undersecretary of Economy and Trade, Luis Rosendo Gutiérrez, expressed his optimism about an increase in cooperation between both countries in the near future.
During the conference, remarks from Marc Rowan, CEO of Apollo Global Management, were highlighted, emphasizing the need for greater economic integration between the United States and Mexico. Rowan mentioned the importance of resolving trade relations with Mexico and Canada in order to advance broader international agreements.
U.S. Treasury Secretary Scott Bessent highlighted the relevance of tariffs, tax cuts, and deregulation as crucial elements for economic development. It was mentioned that the United States was in discussions with 17 major trading partners, and resolving relations with Mexico was a priority.
The Mexican executives present at the conference agreed that global trade tensions presented an opportunity to strengthen trade ties between the United States and Mexico. The complementarity of both economies was underscored, especially in the manufacturing sector, where collaboration could benefit both nations.
The importance of the USMCA in the trade relationship between Mexico and the United States was emphasized, noting that there was significant potential to increase Mexican exports to the neighboring country under this agreement. Valeria Moy, General Director of the Mexican Institute for Competitiveness, mentioned that many companies could benefit from exporting under the USMCA rules, thereby avoiding tariffs.
Overall, the conference presented Mexico as a strategic opportunity for companies, due to its proximity to the United States, its young workforce, and its solid infrastructure. Mexican investors were active in the discussions, highlighting the potential for greater integration between both nations for mutual benefit.
