CCE Reports $3.5 Billion in Unlocked Private Investment; Energy Leads the Way

José Medina Mora, president of the Business Coordinating Council (CCE), announced on August 14 that the private sector has accumulated more than $3.5 billion in authorized investment projects, following the federal government's acceleration of permit processes, according to El Universal.

The announcement came at the close of the CCE's monthly board meeting. La Jornada reported that Medina Mora attributed the streamlining to decrees published on May 4 under Plan México, which include a weekly investment committee, faster responses to submitted projects, and guidelines to the Tax Administration Service (SAT) to ensure its revenue-collection function does not impede investment flows. According to the business leader, energy generation projects top the list: "if we don't have energy, investment won't come to other sectors." The emphasis on energy is tied to the reshoring of production chains in North America, one of the central pillars of Plan México and of the review of the United States-Mexico-Canada Agreement (USMCA).

Medina Mora noted that "many" additional projects remain pending authorization, without specifying how many are in the queue, and that a reduction in bureaucratic steps and the digitalization of some processes is already under way. He described the investment committee as "very successful," noting that it meets every week. At the same meeting, the CCE reviewed progress on the USMCA revision with Mexico's ambassador to the United States, Roberto Lazzeri, and with the coordinator of the Regional Economic Development and Relocation Advisory Council, Altagracia Gómez Sierra. According to Medina Mora, Mexico rejected positions such as increasing U.S. content requirements in automotive rules of origin and seasonal restrictions on agricultural products, and is seeking to eliminate Section 232 tariffs.

The CCE indicated it will soon disclose the specific projects comprising the $3.5 billion figure. The bilateral USMCA review with the United States is scheduled for early September, with the private sector coordinating strategy alongside the Ministry of Economy.

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