Ministry of Economy is the Sector’s “Permanent Ally”: ClouthierBy Antonio Gozain | Tue, 10/19/2021 - 11:49
Despite the crisis that the automotive industry is facing and in addition to the regularization of illegally imported cars, the auto sector is recovering and growing during 2021, according to Tatiana Clouthier, Minister of Economy. During AMDA’s Automotive Forum, Coulthier added that the Ministry will be a “permanent ally” of the automotive industry.
“The Ministry of Economy will remain a permanent ally to give certainty and permanence to the investments of over 1,600 companies,” said Clouthier in the opening message of AMDA’s Automotive Forum on October 18.
The automotive sector generates almost 1 million direct jobs, 7,595 more than in 2020, said Clouthier, and added that the authorities are “working to promote local production and investment.”
"We are also working to promote local production, as well as national and international investment, specifically in the areas where we have specific needs that we already talked about, such as semiconductors. We are on the right track and in 1H21, Mexico received US$18.43 billion of FDI, from which 15 percent correspond to the automotive industry, that is, US$2.8 billion,” said Clouthier.
In 2021, Mexico’s economy is expected to grow by over 6 percent, said Clouthier. But recovering to pre-pandemic levels is necessary to continue the conversation with OEMs regarding new trends, such as electrification, privacy, security and consumer information, she added.
Regularization of Illegal Cars is Contradictory: AMDA
The Mexican automotive industry’s battle against illegally imported cars suffered a major loss this weekend, reported MBN. Last week, President Andrés Manuel López Obrador informed that “chocolate” cars will be legalized, exactly at a time when the auto sector is suffering. The decree “represents a prize for mafias that get rich from contraband and a blow to the formal automotive trade that generates jobs and pays taxes,” published on Twitter AMDA.
Following Clouthier’s intervention in the event, Guillermo Prieto Treviño, President of AMDA, said that the 19 decrees done since 1979 to regularize contraband cars “have all failed due to the negative effects to the local market,” and described the decree as contradictory: "We find it contradictory. On the one hand, the Army and the Navy are being sent to create a special unit in customs and ports to prevent contraband when, on the other hand, decrees are being made where there has been no participation from the sector.”