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Presidential Candidate Ally Speaks On Nearshoring

MEXICO
  • According to a close ally of the Morena party’s presidential candidate Claudia Sheinbaum, Mexico should take advantage of nearshoring to better develop its manufacturing industry while also implementing policies to improve conditions for its workers. (BBG)
  • Investments from the likes of Tesla and Mercedes gives Mexico an opportunity to push to develop the local components of the industry said Diana Alarcon, the chief adviser and head of international affairs of the Mexico City government.
  • “China offered the same as we did, commercial openness to build free zones for exports,” Alarcon said in an interview from New York. “But they invested in education, in developing local supply chains.”
  • Reports suggest her comments are a window into the thinking of Sheinbaum, seen as the frontrunner to succeed President AMLO.

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