U.S. companies demand dialogue with the Mexican Congress regarding critical reforms.

In a context where economic relations between Mexico and the United States are under scrutiny due to various legislative reforms, American companies are raising their voices. Larry Rubin, president of the American Society of Mexico (Amsoc), has made a clear call to the Mexican Congress to listen to the concerns of its largest investor. This request is framed within the discussion about judicial reform and the proposal to eliminate five autonomous bodies and two regulatory commissions, particularly in the energy sector. Rubin highlighted that U.S. investment in Mexico accounts for more than 45% of Foreign Direct Investment in the country, totaling over $243 billion from 2006 to the first half of 2024. This significant figure not only underscores American investors' interest in the Mexican market but also emphasizes the need for a strong and predictable legal framework that guarantees legal security. "For American companies in Mexico, the rule of law means a great deal," Rubin emphasized during the third Binational Convention of Amsoc. The importance of these reforms is twofold. On one hand, the foundations of the Mexican judicial system are at stake, and on the other, the existence of bodies that are fundamental for the proper functioning of the energy sector. Rubin stressed that the elimination of these bodies could have negative repercussions for the Treaty between Mexico, the United States, and Canada (USMCA), which has been a pillar in the trade relationship between the nations. "Any change that undermines the independence of these bodies could lead to trade disputes that would affect our economies and the mutual trust we have built with such effort," he warned. Amsoc had extended invitations to leaders of the Mexican Congress to attend the convention and participate in an open dialogue. However, Rubin lamented that they did not show up, reflecting a lack of interest or attention to the concerns of American investors. This could be interpreted as a sign that decisions are being made without considering the collateral effects they may have on the economy. Rubin also urged the Mexican Congress to take the necessary time to seriously and thoroughly discuss these reforms. "I urge that this process not be rushed, but rather developed with the seriousness that a reform of such magnitude demands," he emphasized, highlighting the importance of considering both internal and international concerns in this process. The relationship between Mexico and the United States has historically been complex, marked by economic interdependence and political differences. In this sense, the concerns expressed by Rubin are not only an echo of commercial interests but also a reflection of fears about the stability and future of bilateral relations. The attention that U.S. presidential candidates, such as Kamala Harris and Donald Trump, are paying to what is happening in Mexico is also an indicator of the relevance that the country has for U.S. economic policy. Rubin mentioned that they have received calls from one of the campaigns expressing serious concerns about imminent changes in Mexico, reinforcing the idea that decisions in the Mexican Congress are being closely monitored across the border. The proposed reforms in Mexico not only impact the internal sphere but also have repercussions on investor confidence and regional economic stability. Amsoc's stance highlights the urgent need for constructive dialogue that considers the voices of all involved stakeholders. In conclusion, Larry Rubin's message is clear: the Mexican Congress must adopt a thoughtful and considered approach regarding the reforms that affect both the judicial system and regulatory bodies. The economic health of Mexico, as well as its relationship with the United States, depends on decisions that must be made with due seriousness and attention to long-term implications.