The Mexican Secretary of Foreign Affairs, Alicia Bárcenastated this Thursday in Washington that it is necessary to modernize the border between Mexico and the United States to promote the investments and the nearshore relocation of companies.
We really want to control drug trafficking and weapons smugglers, but at the same time we want to provide better infrastructure for the production to occur trade and therefore we have to modernize the border“,
the chancellor stated at an event organized by the Inter-American Development Bank (IDB).
To achieve this, he added, it is essential to attract investments and obtain the help of institutions such as the IDB to do so. Because with investmentshe concluded, “it is how border security is guaranteed.”
Mexicohe stated, is now the America’s first trading partner and last year 155 billion dollars were traded, “3 million dollars per minute.”
We have started with close offshoring and then reshoring. “We are working on a strategy to make sure that North America can generate, for example, the production of semiconductors and conductors and attract companies that are doing it in Asia to bring them to North America,”
Bárcena declared.
The Latin American country has the “great opportunity to become “the country of relocation and nearshoring” and “we are working on that”, but “we do not want to do this alone” but rather “we have to incorporate the rest of the region into this strategy.” ”, declared the chancellor.
Bárcena participated in a Americas-IDB Alliance Responsible Investment Forumorganized by the Inter-American Development Bank (IDB)in which several Latin American presidents participate, including the Uruguayan Luis Lacalle Pou and the Chilean Gabriel Boric.
They and other presidents, in addition to Bárcena, will participate tomorrow in the summit of the Alliance for Economic Prosperity (APEP) an initiative of President Joe Biden that seeks to deepen the integration and economic growth of the region.
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