After the fast track approval of 17 reform initiatives this weekend, the Business Coordinating Council (CCE) condemned that Congress “violated” the legislative process, by not privileging dialogue or the inclusion of political forces in public determinations , which represent a setback in the Mexican economy.
Modifications to legislation such as mining, aviation or science and technology, among others, “affect the environment for attracting investment, just at the moment in which Mexico is facing nearshoring for the consolidation of new companies,” the agency stated. business.
The organization had asked Congress to agree on the reforms “so as not to affect the development and competitiveness of our country, strengthen the rule of law, generate certainty and, mainly, to avoid further impacts on small and medium-sized enterprises (SMEs).”
Prior to the vote, the business body warned that the approved initiatives contain elements that go against common global practices on investment and business development. Even, he said, they endanger the fulfillment of the commitments that the Mexican State has adopted with its international trading partners, both in the North American region and in the rest of the world.
The CCE reported that it followed up on the legislative process on the package of initiatives that were approved last week in Congress, due to the social and economic impact they will have on the country. Through a statement, the private sector explained that prior to the fast track vote, there was a spirit of cooperation and coordination on the part of legislators from all parties; However, it condemned the fact that in recent days “the legislative process was not respected, since dialogue and the inclusion of all political forces were not privileged to reach a consensus on issues of national importance.”
For its part, the Mexican Institute for Competitiveness (Imco) affirmed that reforms approved without consensus will have a negative impact on the country’s competitiveness, as in the cases of modifications made to the mining law, the science and technology law or the of the Insabi.
The private organization maintained that the modifications to the mining law “generate an environment of uncertainty and volatility that can reduce the attraction of investment and the country’s competitiveness.”
In addition, the preference given to the State over the private sector and the changes included create potential conflicts with the USMCA and Mexico’s trading partners in North America.
Also, the science and technology reform, the new law approved could have implications for the advancement and development of academic communities and innovation in Mexico. “The Secretary of National Defense and the Secretary of the Navy join the Governing Board of this Conacyt, maintaining the trend of incorporating the Armed Forces in civilian functions.”
