The Executive Council of Global Companies (CEEG) asked President Andrés Manuel López Obrador to analyze the opinions of experts and civil associations on the negative impact.
In the midst of Mexico's " moment" due to nearshoring , the 60 largest companies in the country formed in the Executive Council of Global Companies (CEEG) expressed their concern about the approval of the initiative to reform the Amparo Law and asked the head of the Executive guarantees the full rule of law for investments.
Corporations such as Cargill, Fedex, AT&T, Nestlé, GM, Siemens, HSBC, PepsiCo, Shell, Exxon Mobil, Visa, among others, warned that the effects of the reform are detrimental to any citizen's access to legal mechanisms that allow them to defend themselves. of possible violations of their human rights or any unconstitutional act.
“We respectfully call on the head of the Federal Executive to, in the exercise of his powers, analyze the scope of this reform in the terms in which it was approved and consider the various opinions expressed by experts and various sectors of society,” they noted.
Mexico is experiencing an unbeatable moment to attract productive investments as a result of the relocation of international production chains.
“Reforms like this are detrimental to the objective of providing optimal conditions for attracting new investments and establishing new companies in the country, since they weaken the legal structures that allow them to defend themselves against acts that could be considered as violating their rights.” , warned companies that represent 40% of Foreign Direct Investment (FDI) in Mexico.
Leaders in more than 20 sectors of the economy, who promote national supply chains, generate 10% of the Gross Domestic Product (GDP), invest in innovation, development of national talent, and are job creators for more than 8 million of people in the country, demanded a Mexico “with a solid and effective justice system that provides its citizens with instruments to guarantee their rights.”
However, the Global Companies accused that the modifications to the Amparo Law in the hands of the Executive "go in the opposite direction" of a rule of law.
“The figure of suspension contemplated in the Amparo Law strengthens the rule of law, checks and balances and the administration of justice. By modifying it, the means of defense to guarantee the fundamental rights of citizens, particularly the most vulnerable, are affected, and it is an act that is detrimental to the effective administration of justice in Mexico,” the CEEG reproached.
“As we express it in our public policy initiative, 20 Ideas for Mexico, having an effective justice system is key to guaranteeing the constitutional rights of all and to generating certainty and confidence for investments,” he commented.
Faced with the wave of new investments, companies demand a rule of law that promotes trust, incentivizes investment and protects the fundamental rights of people, communities and companies.
