Discover how Mexico's first female president could reshape North American trade and foreign investment.

Join us for an insightful discussion with Mexican attorney Brenda Cordova on the implications of Mexico's newly elected president, Claudia Sheinbaum, for international trade and foreign investment. We explore the current state of Mexico's economy, the USMCA treaty, and the future of nearshoring.

Main Points/Takeaways:

1. Mexico's Economic Position: - 12th largest economy globally - Foreign Direct Investment represents 24% of GDP - Received over $36 billion in FDI in 2023

2. USMCA and Trade Relations: - US is Mexico's largest trading partner ($13 billion in FDI) - Sheinbaum plans to review, not renegotiate, USMCA - Focus on promoting regional sourcing of raw materials

3. Nearshoring Trends: - Growing popularity due to global supply chain disruptions - IMMEX program benefits for foreign investors - Challenges in finding local suppliers that meet quality and price requirements

4. Sheinbaum's Economic Strategy: - Goal to increase FDI with a "shared prosperity" approach - Focus on sustainability, digitalization, and legal certainty - Plans to strengthen tax and customs authorities through technology

Key Quote: "Claudia Sheinbaum has expressed that under the USMCA, she wants to promote that producers receive or procure their raw materials in the region and in Mexico."

Gain crucial insights into the potential shifts in Mexico's trade policies and investment landscape under its new leadership, essential knowledge for businesses engaged in or considering international trade with North America.

Enjoy the show! Brenda Cordova: https://www.linkedin.com/in/brenda-cordova-30020047/

Sign up for the upcoming Forced Labor training (Supply Chain Tracing) here: https://globaltrainingcenter.com/forced-labor-supply-chain-tracing/

Find us on YouTube: https://www.youtube.com/@SimplyTradePod

Host: Annik Sobing: https://www.linkedin.com/in/annik-sobing-mba-b226251a2/ Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/

Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/

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