Uncertainty remains for many investors more than 100 days after Mexico’s new president officially took office.
The city of Phoenix’s trade representative in Mexico City spoke Thursday morning about what this new era means for those whose business involves Arizona’s southern neighbor.
Mexican President Andrés Manuel López Obrador (AMLO) is expected to soon share details of his national strategy for economic development.
Mexico’s government no longer has the power to negatively affect the private sector the way it did in the past. Still, U.S. business owners need to be aware of many outside factors, like the value of the peso, says José Andrés García, Phoenix’s trade representative based in Mexico City.
“But overall, there is not going to be any application of law that could severely or directly affect your operations,” he said.
AMLO has an absolute majority in Mexico’s congress. But it’s shy of the two-thirds majority needed to change the constitution and the economic reforms made by the past government.
