MEXICO CITY (Reuters) – Mexican officials on Tuesday appealed for the safety and stability of private investment in the country following a bilateral summit with business leaders in which concerns over constitutional reform dominated the agenda. .
Economy Minister Marcelo Ebrard said companies such as Amazon, Mexico Pacific, Royal Caribbean and Woodside Energy are expected to make significant investments in the country next year.
Nearly 250 executives attended the summit. The summit is held every year, but this year it took on particular significance during the first weeks of President Claudia Sheinbaum’s administration.
“The message from President Sheinbaum was certainty and confidence,” Ebrard said. “Investing in Mexico is safe, and we remain committed to ensuring that trade in the region continues to grow.”
Last month, Mexico’s Congress passed a sweeping judicial reform bill that would elect judges by popular vote, saying it would reduce corruption.
However, the reform has raised concerns from major trading partners Canada and the United States, and risks being challenged by both countries under the trilateral USMCA trade agreement.
The agreement is scheduled to be reviewed in 2026.
Ebrard said the total investment announced on Tuesday, much of which had already been pre-confirmed by the companies themselves, exceeded $20 billion. If further planned investments materialize, the amount could reach $30 billion, he added.
(Reporting by Cassandra Garrison; Editing by Aida Pelaez Fernandez)