Fernando Turner Dávila, Nuevo León State Secretary of Economic Development stated: “Globalization is not going to end with Trump”
For the Mexican government, few goals seem more important than winning new foreign investment. The competition among Mexican states to bring the next automobile plant or aerospace factory is intense and produces big-time incentives for foreign companies who make the move.
But the announcement that Carrier, the Indiana-based company that makes air conditioners and heaters, would be keeping some 1,000 jobs in Indianapolis instead of moving them south of the U.S. border to Monterrey, was greeted by Mexican officials with little more than a shrug.
“I see this as something that should occupy us, not worry us,” said Hector Castillo Olivares, the mayor of Santa Catarina, the Monterrey suburb where the new Carrier plant is being built.
“The United States is not the world,” the state’s governor, Jaime “El Bronco” Rodríguez, told a radio station. “We don’t depend on them, nor do we have to depend on them.”
Or as Fernando Turner Dávila, the state’s economic development secretary put it: “We are confident about the future.”
While some of this might be positive government-speak to mask a painful loss of hundreds of jobs, other dynamics are also at work.
For one thing, the Carrier decision is not a disaster for the company’s Mexico operations. As Turner explained, the new plant will still open in coming months and will create jobs, though fewer than planned. The company currently employs about 3,000 people in the Monterrey area, he said, and this is going to increase to about 4,100, compared to about 5,000 before Trump arrived on the scene.
Monterrey, and other cities in northern Mexico’s manufacturing belt, are a success story for the country. They have recovered from some brutal drug war years and are now home to a robust network of manufacturing plants making cars, electronics, steel and other products.
But the United States isn’t really key to that success. In Nuevo León, the state that is home to Monterrey, 92 percent of the total investment is domestic. Of the 8 percent that comes from abroad, the United States accounts for 40 percent of this, a contribution that has been declining over the years, as companies from Europe and Asia bring more jobs to the state, Turner said.
South Korea is now one of the most important, as they have opened a Kia car plant in Monterrey and brought in other parts suppliers.
Click here for full article
more recommended stories
Rehabilitation of the Ciclovía and road section Chablekal-Dzibilchaltún in Mérida
Merida, Yucatan (October 26, 2021).- Making.
Neem, the wonder tree against fungi, diabetes and even stress
Merida Yucatan, October 26, 2021, (Víctor Hugo.
Indigenous Peoples not allowed into World’s ‘Most Inclusive’ Climate Conference
Indigenous peoples comprise less than 5.
Yucatecan student wins medal in the Women’s Pan American Mathematics Olympiad
Mérida, Yucatán, (October 26, 2021).- María.
Environmentalists announce demonstration against hotel project in Punta Nizuc, Cancun
The works of the hotel of.
With an Enigmatic Vaquería, the Festival de las Ánimas officially starts in Mérida
MÉRIDA, Yucatán, (October 26, 2021).- On.
Vaccination has begun for Yucatecan adolescents with comorbidities
Mérida, Yucatán.- The application of vaccines.
AMLO announces work tour of Yucatán scheduled for Thursday, October 28th
In addition to supervising the Mayan.
Cold Day of the Dead forecast: temperatures could drop to 14ºC (57ºF)
Mérida, Yucatán.- The State Coordination of.
US citizen accused of kidnapping her 10-year-old daughter in Mérida
MÉRIDA, Yucatán, (Ocotber 26, 2021).- The.