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American Chamber in Mexico trusts that "creative solutions" will save NAFTA

The American Chamber of Commerce (Amcham) in Mexico trusts "fully" that the renegotiation of NAFTA will end well thanks to the "creative solutions" offered by the Executive and Mexican business community, the president of Amcham Monterrey chapter, Marisa Jiménez de Segovia, told Efe today.

Mexico, Nov 27 (EFE) .- The American Chamber of Commerce (Amcham) in Mexico trusts "fully" that the renegotiation of NAFTA will end well thanks to the "creative solutions" offered by the executive and Mexican business community, the president of Amcham Monterrey chapter, Marisa Jiménez de Segovia, told Efe today.

"We really trust fully" in the Mexican negotiating team, Jiménez de Segovia said, after taking office for the period 2017-2019.

"Together with the private sector, we have been working to find creative solutions that allow us to extend Certain proposals for our business partners, "he said.

Last week ended the fifth round of negotiations of the North American Free Trade Agreement (NAFTA), in force since 1994 between Mexico, the United States and Canada, without major progress but with the will to continue working to reform the pact.

"There is great communication between the private sector and the federal government, and we have confidence in the negotiations and the modernization of the treaty, "he added.

In addition, the new president of the Monterrey chapter, which has 530 affiliated companies, He wished that the new trade agreement would add non-existent areas when the treaty was signed two decades ago.

Questioned about the possibility of breaking NAFTA, Jiménez de Segovia He assured that, being from a border state with the United States. As head of the White House, he also did not impact on direct foreign investment (FDI) in the country or in the state of Nuevo León, one of Mexico's economic drivers, he said.

his figures, Nuevo León was the leading state in FDI last year, receiving 2,689.3 million dollars.

About Amcham Monterrey chapter, the new president said that facing 2018 will seek to strengthen ties between partners and encourage the economy, giving legal certainty to private investment and promoting the development of talent.

"We want to have a sector We are better informed in order to be more competitive, and we are focused on giving more value to the membership of our own partners, "he stressed.

At a national level, companies Amcham members represent 21% of Mexico's GDP, two million direct jobs and six million indirect jobs.

The Monterrey chapter has 530 affiliated companies. 28% are manufacturing firms, 63% are dedicated to services and 9% are sales and distribution.

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