MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 13.Jan.2025) — Mexico’s president Claudia Sheinbaum Pardo presented Plan Mexico on 13 Jan. 2025. The plan is a vision of national development today and in the future.
Sheinbaum specified that the goals of the plan are “ambitious, clear and long-term” and require coordination between the public and private sectors.
Plan Mexico has 13 goals with objectives such as reducing poverty and inequality. Importantly, the plan contemplates a portfolio of national and foreign investments of $277bn. The investment figure includes about 2,000 projects, the Mexican federal government said 13 Jan. 2025 in an official statement.
The goals of Plan Mexico include the following:
1. Become the 10th economy in the world, up from the 12th currently,
2. Increase the proportion of investments with respect to gross domestic product (GDP) above 25%,
3. Generate 1.5mn more jobs,
4. Make 50% of the supply for the textile, footwear, furniture and toys sectors in Mexico while national consumption will also be 50%,
5. Increase national content by 15%,
6. Make 50% of public purchases be national production,
7. Vaccines to be made in Mexico,
8. Reduce the time to process paperwork to make investments in Mexico to 1 year from 2.6 years,
9. Increase the amount of professionals and technicians to 150,000 annually,
10. Create a sustainable business environmental,
11. Provide 30% of small-to-medium companies with access to financing,
12. To be one of the 5 most visited countries worldwide, and
13. Reduce poverty and inequality.
The government said the treaty between Mexico, the United States and Canada (T-MEC by its Spanish acronym) will be maintained since it benefits the 3 countries in terms of employment, economic growth and regional markets.
Maintaining the treaty between the 3 countries is the only way in which the region can compete against China, the Advisory Council for Regional Economic Development and Relocation (CADERR) coordinator Altagracia Gómez Sierra said in the statement.
“It has proven to be one of the best trade treaties in history … in addition, it is the only way we can compete with Asian countries, in particular with China,” Gómez said.
“We need you and we ask you three things: One, that you think and act big. This plan is made for that. Two, we request to work together to finalize the National Industrialization Strategy, that promotes fair trade, that protects workers in Mexico, that encourages production with higher local and regional content, and of course with more added value, and that we bet on regional integration. Three, and more important, that you trust in Mexico. To invest, better in Mexico; to produce, better in Mexico; to consume, better in Mexico; if you want to vacation, better in Mexico; to study, better in Mexico; to work, better in Mexico. With Plan Mexico, the invitation is for them to choose Mexico today, it is the only bet that in the long-term will never make them lose,” Gómez said.
Mexico’s Secretary of Economy Marcelo Ebrard Casaubon assured that Plan Mexico would be a navigational chart for the new era and pointed out that it is a unique instrument, which was promoted by Sheinbaum.
“Of the 42 years I have been in public service, this is the only instrument I have seen published so quickly with the full backing of the president. There are uncertainties in the immediate future, but if we are cohesive and have a national direction like the one we have, friends, friends, we will get ahead,” Ebrard said in the statement.
Mexico Secretary of Finance and Public Credit Rogelio Ramírez de la O said that China has monopolized 25% of the world’s growth. At that rate, Ramírez said that in 20 years it would rise to 32%, while that of North America would be 23%.
Mexico’s deficit with China went from $76bn in 2018, to $105bn in 2023, according to Ramírez.
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By Fidencio Casillas reporting from Mexico City with Pietro D. Pitts in Houston. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
