Mexico to Offer Job Opportunities to Deported Migrants: CCE
By Paloma Duran | Journalist and Industry Analyst -
Wed, 12/18/2024 - 08:15
Mexico will provide employment opportunities to migrants if the United States initiates large-scale deportations or implements other drastic migration measures, stated Francisco Cervantes, President, Business Coordinating Council (CCE). Cervantes reported that over 5,000 jobs have already been created for migrants in sectors such as mining, automotive, and manufacturing, with the potential for significant growth in the coming year.
He noted that the private sector has the responsibility of providing job opportunities not only for humanitarian reasons but also as part of a broader strategy to improve the country’s unemployment rate, which currently stands at 2.7%. "Deportations are not exclusive to Mexico; they also affect Central and South American countries. The concern is Mexico being used as a conduit for these deportations. We will help," he remarked.
Carlos Serrano, Chief Economist, BBVA Mexico, previously highlighted the significant challenges of implementing mass deportations, noting that such a move would worsen the US economy. "While it is a possibility, we assess the probability as low because such a measure would severely damage the US economy. Trump could pursue it if substantial resources are allocated, but implementing a policy that could lead to a recession and serious inflationary issues is an unlikely scenario," explained Serrano.
Regarding the USMCA, Cervantes stated that Mexico is ahead of both Canada and the United States in preparing for the agreement’s review in 2026. “We are well ahead in our preparations, having fully established and reviewed the 'side room' or 'adjacent room,' as we refer to it. We have organized working groups by sector and chapter of USMCA,” he explained.
He also emphasized the private sector’s active engagement in dialogue with counterparts in the United States and Canada. “This agreement has been mutually beneficial. Any disruption would only serve to strengthen other regions. I believe this would not be in the best interest of any party, especially given our deep integration.” Cervantes also announced that Mexico is preparing to establish mirror institutions to replace recently dissolved autonomous agencies, such as COFECE and IFT, to ensure their independence and uphold USMCA commitments.









