Amsoc warns about reforms in Mexico that could affect foreign investment.

In a context where the decisions of the Congress of Mexico have the potential to significantly impact trade relations and foreign investment, the American Society of Mexico (Amsoc) has called for reflection. Larry Rubin, its president, has urged Mexican lawmakers to consider the implications of the judicial reform and the proposal to abolish seven autonomous and regulatory bodies, a topic that has raised concerns in the U.S. business sector. Rubin emphasized the importance of listening to U.S. companies, which represent over 45% of Foreign Direct Investment in Mexico, in this crucial debate. From 2006 to the first half of 2024, U.S. investment in the country has exceeded $243 billion, highlighting the relevance of this economic and political relationship. During the third Binational Convention of Amsoc, Rubin stressed that having a robust rule of law in Mexico is fundamental for U.S. companies. "The rule of law means a lot to us, which is why it is essential for Congress to take the necessary time to deliberate on these reforms," he stated. His call is based on the premise that a solid legal framework benefits not only businesses but also strengthens democracy and governance in the country. Concerns intensify when considering that the disappearance of autonomous bodies could have negative consequences for the United States-Mexico-Canada Agreement (USMCA). Rubin warned that any change that undermines the independence of these organizations could lead to trade disputes, affecting the economies of all three countries and the mutual trust they have cultivated over the years. In this regard, Amsoc attempted to invite leaders of the Mexican Congress to participate in its convention, but unfortunately, they were unable to attend. This absence underscores a disconnect that could have adverse effects on how dialogues about crucial reforms for the country's future and its relationship with the United States are conducted. Larry Rubin extended his appeal to Mexican lawmakers to take the necessary time to discuss these reforms. "This process should not be rushed," he added, "but should unfold with the seriousness that such a significant reform demands." This thoughtful approach is crucial, especially when considering the internal and international concerns that arise around these reforms. The political agenda in the United States is also closely watching events in Mexico. According to Rubin, figures like Kamala Harris and Donald Trump have expressed concerns about the changes taking shape in the neighboring country. "We have received calls, particularly from one of the campaigns, with serious concerns about what may happen," he said, highlighting the interdependence between the two nations. The current situation in Mexico presents a turning point. The decisions made by Congress will not only affect the local economy but will also have ramifications on the international stage. U.S. companies, as one of the main drivers of investment in Mexico, are seeking a seat at the dialogue table to ensure their concerns are taken into account. By raising its voice in this context, Amsoc seeks not only to protect its commercial interests but also to contribute to the strengthening of the rule of law in Mexico. Integrating these concerns into the legislative process could be decisive for the future of bilateral relations and the economic stability of the region. In conclusion, the request from U.S. companies to the Mexican Congress serves as a clear reminder that politics and economics are intrinsically linked. In an increasingly interconnected world, decisions made in one country can have repercussions that transcend borders, and it is vital that these dialogues are conducted with the attention and seriousness they deserve.