«We must return to the path of growth and generate the resources for the government to continue with public policies for the distribution of that wealth». Medina Mora urged the Mexican business community to contribute to reaching the goal of investment representing 25%, above the current 22%. First, when speaking of the need for investment from national entrepreneurs in the country, which is thirteen times larger than foreign investment and its stagnation explains much of the stagnation of the Mexican economy: «We must unblock the problems that arise so that there are no excuses not to invest». A ruling to which no businessman, not even the closest to the government, dares to adhere. I believe that the monopoly in the energy sector is well-mandated by the government, but we must work to achieve greater dynamism. The supports for the 4T ran through his entire speech. A bad signal for Concanaco, which expects clarification on the link with the magnate under investigation and the corresponding consequences if it is proven. Regarding his second front, the relationship with the government, the speech of the new president was aligned to the point of clarifying that the state monopoly in the energy sector «is fine», although it is necessary to work to achieve greater dynamism. «They are from different sectors, but mainly the energy one, because it is fundamental to enable other types of investments such as technological, data centers and AI, which require a lot of energy to function», he explained before admitting that the sector is «monopolized» by government mandate. «The fact that the vote was uniform reflects a unity of the business sector to advance for a better Mexico», Medina Mora rushed as he began his six-minute speech before a room full of journalists on the first floor of the Industrialists' Club. Businessmen, goodbye to genuflection before the 4T? However, during the question time, he denied the link of the CCE with «that person», referring to Rocha Cantú. The businessman celebrated the opening to private investment through the scheme of mixed contracts both in energy and, soon, in infrastructure. In the dialogue with the government, they agreed on ten priority investment projects that they will follow up on to see in which windows they are stuck. «Dialogue to advance» was the phrase José Medina Mora repeated most in his first speech as the official president of the CCE. Message for insiders and outsiders: his management, which will last until March 2027, begins with internal fragmentation within the body, which includes a distancing of Concanaco due to ties of the former head Francisco Cervantes with the magnate under investigation for organized crime and owner of Miss Universe, Raúl Rocha Cantú; and under a government management that flirts with the private sector while maintaining a regulatory imprint and decisions that generate distrust within the business world.
New Mexican Business Leadership Calls for Increased Investment
José Medina Mora, the new president of Mexico's Business Coordinating Committee (CCE), has urged the nation's business community to increase investment to overcome economic stagnation. He emphasized the need to remove bureaucratic barriers and expressed support for dialogue with the government, despite ongoing disagreements on key issues like the state's energy monopoly.