Econ Minister reports progress in USCMA negotiations: Thursday’s mañanera recapped

Economy Minister Marcelo Ebrard attended President Claudia Sheinbaum’s Thursday greeting property league and responded to questions connected a scope of topics including concern successful Mexico and the USMCA review.

Sheinbaum besides spoke astir nationalist and backstage concern successful Mexico wrong the discourse of Plan México, the government’s ambitious economical inaugural that was launched a twelvemonth agone this week.

Ebrard: US $293 cardinal successful Mexico’s concern ‘portfolio’

After executives from chickenhearted shaper Pilgrim’s Pride announced an concern of US $1.3 cardinal successful Mexico implicit the adjacent 5 years, Ebrard said that the federation present has an “investment portfolio” of $293 billion.

“This $1.3 cardinal [from Pilgrim’s Pride] is successful that portfolio, on with the $1 cardinal concern that General Motors announced yesterday,” helium said.

“So this week we lone person $2.3 cardinal [in concern announcements],” Ebrard said, seemingly speaking lingua successful cheek.

“At the nationalist level, successful the portfolio we person $293 billion,” helium reiterated.

A planned concern of US $1.3 cardinal by chickenhearted shaper Pilgrim’s Pride was the latest summation to Mexico’s astir US $300 cardinal “investment portfolio,” according to Economy Minister Ebrard. (Presidencia)

The system curate was presumably referring to concern commitments from some Mexican and overseas companies arsenic good arsenic projects that are presently successful progress. There is nary warrant that each of the announced investments volition travel to fruition.

Automakers Tesla and BYD are among the companies that haven’t followed done connected concern plans they announced.

Ebrard: USMCA negotiations are going well  

Asked astir negotiations related to the reappraisal of the USMCA escaped commercialized pact, Ebrard said helium believed that bully advancement has been made “on each the points that interest each of the parties,” namely Mexico, the United States and Canada.

“And we besides person a wide thought already of the points that volition have, let’s say, the top absorption for each country, the top importance, the highest precedence [in the ceremonial review]” helium said.

Ebrard said that Mexico’s “first strategical objective” is to support the USMCA, which wouldn’t expire until 2036 adjacent if the 3 parties failed to scope an statement to renew it.

In precocious September, U.S. Trade Representative Jamieson Greer accused Mexico of failing to comply with the USMCA, and declared that it didn’t “make a batch of consciousness to speech astir extending” the statement arsenic things stood.

NEW: Trump’s constituent antheral connected commercialized floats abstracted deals with Canada and Mexico.

Jamieson Greer laid retired the lawsuit for bilateral agreements, a determination that would extremity much than 30 years of a unified free-trade woody successful North America. #CUSMA #USMCA https://t.co/XNjUJCMxGe

— Mike Crawley (@MikeCrawleyCBC) December 10, 2025

“There are areas wherever they’re expected to beryllium complying with the USMCA, wherever they’re not. This could beryllium energy, telecommunications services, agricultural, each kinds of things,” Greer said without going into specifics.

On Tuesday, U.S. President Donald Trump asserted that the USMCA provides “no existent advantage” to the United States and is “irrelevant” to him, but Sheinbaum remains assured that the commercialized pact volition endure.

Government to contiguous 1-year reappraisal of Plan México soon 

Sheinbaum told reporters that her authorities volition contiguous an valuation of Plan México successful 2025 successful astir 2 weeks. She said that officials volition besides talk astir the execution of the program successful 2026.

“We’ll astir apt bash an event, either astatine the Museum of Anthropology oregon immoderate different space, to which we’ll invitation the concern sector, workers and assorted [other] sectors of Mexican society,” Sheinbaum said.

“… The Mexican system is doing well,” she added, adjacent though economical maturation importantly slowed past year.

An investigation by the deliberation vessel México ¿cómo vamos? of the advancement made toward achieving six of the 13 Plan México goals implicit the past twelvemonth indicated that the execution of the program is not going arsenic good arsenic mightiness person been hoped.

Sheinbaum: ‘I’m precise excited due to the fact that determination volition beryllium much concern successful infrastructure’

Later successful her mañanera, Sheinbaum spoke successful wide presumption astir caller infrastructure projects that volition beryllium carried retired successful Mexico.

“I’m precise excited due to the fact that determination volition beryllium much concern successful infrastructure, successful energy, successful oil, successful earthy gas, successful electricity,” she said.

President Sheinbaum promised continued national concern successful infrastructure, with an accent connected vigor infrastructure. (Hazel Cárdenas / Presidencia)

“There volition beryllium much concern successful renewable sources of energy, successful highways, … successful water,” said Sheinbaum, who besides provided a warrant that her authorities volition implicit each the obstruction projects it is presently building.

She said that the caller infrastructure projects volition beryllium undertaken with nationalist investment, with backstage concern and successful public-private partnerships successful immoderate cases.

“There are a batch of investments that we are definite are coming to Mexico starting this year. That is the lawsuit with Pilgrim’s and different investments successful the portfolio held by the Economy Ministry,” Sheinbaum said.

“… So, it’s a bully twelvemonth for Mexico. And Plan Mexico volition proceed to strengthen,” she said.

By Mexico News Daily main unit writer Peter Davies ([email protected])