LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

January 3, 2023

Can Mexico and the U.S. Attract Firms Away From Asia?

U.S. Commerce Secretary Gina Raimondo and Mexican Economy Minister Raquel Buenrostro (L-R) are seeking to convince businesses to relocate to North America from Asia. // File Photo: @SecRaimondo via Twitter

Q

A

Andrés Rozental, member of the Advisor board and president of Rozental & Asociados: “As commendable as this initiative is rhetorically, there won’t be any appreciable results of trying to attract investment from Asia to Mexico as long as the López Obrador government maintains its aggressive criticism of the private sector, both Mexican and foreign. The past four years of AMLO’s daily diatribes against individual companies and foreign investment in general, together with the absence of elementary rule of law, have acted as inhibitors rather than attractors for major new investments in Mexico. In spite of the obvious benefits that the North American market offers and Mexico’s specific geographic and low-cost advantages, investors have mostly adopted a wait-and-see attitude to the current government’s appeals for new infrastructure and other large investments because of fears that…”

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ABOUT THE LATIN AMERICA ADVISOR

The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Staff

Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Carl David
Goette-Luciak
Reporter

Nili Blanck
Reporter

board of advisors

Diego Arria
Director,
Columbus Group

Merike Blofield
Professor of Political Science,
University of Hamburg

Devry Boughner Vorwerk
CEO,
DevryBV Sustainable Strategies

Joyce Chang
Global Head of Research,
J.P. Morgan

Marlene Fernández
Corporate Vice President for Gov’t Relations,
Arcos Dorados (McDonald’s)

Peter Hakim
President Emeritus,
Inter-American Dialogue

Donna Hrinak
Director,
Adtalem Global Education

Jon E. Huenemann
Council Member,
GLG Inc.

James R. Jones
Chairman,
Monarch Global Strategies

Craig Kelly
Senior Director,
Int’l Gov’t Relations,
Exxon Mobil

Barbara Kotschwar
Professor of Political Economy,
Georgetown University

John Maisto
Director,
US Education Finance Group

Nicolas Mariscal
Chairman,
Grupo Marhnos

Thomas F. McLarty III
Chairman,
McLarty Associates

Beatrice Rangel
Director,
AMLA Consulting

Ernesto Revilla
Head of Latin American Economics, Citi

Gustavo Roosen
President,
IESA

Andrés Rozental
President, Rozental &
Asociados

Shelly Shetty
Managing Director,
Sovereigns, Fitch

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