Canadian businesses in Mexico warn of negative effects of AMLO reforms • Business • Forbes México

The Canadian Chamber of Commerce in Mexico (CanCham) said the reforms proposed by President Andrés Manuel López Obrador could have negative implications on the certainty, transparency and professionalism of the country's economic sectors.

“CanCham expresses the concern of the business community and Canadian capital investors it encompasses, regarding the constitutional initiative to reform the judicial system and the disappearance of various autonomous bodies,” declared the organization led by Luis Noriega.

The chamber recalled that it maintains its commitment, as it has done for more than 42 years, in promoting trade and investment between Mexico and Canada.

“And she is convinced of the immense potential that North American society offers Mexico in the most varied sectors for its modernization and growing integration,” she explained.

Read: Judicial reform will generate uncertainty for investments (AmCham)

CanCham reaffirmed its desire to establish bridges of constructive and targeted dialogue with the authorities and with the people appointed by the new federal government.

According to the trade organization, CanCham Day took place on August 22 with a large participation of participants, which confirmed the “dynamic relationship” of business and friendship between Mexico and Canada.

The chamber is the voice of Canadian business in the country and was founded in 1982 to represent Canadian business interests in Mexico and promote trade and investment between Canada and Mexico.

Read: Mexico will lose 1% of its private investments due to the approval of AMLO's “plan C”, warns CEESP

CanCham members come from all industrial sectors located in different states of the Mexican Republic.

Trix Barber

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