During a meeting on Tuesday the Business Coordination Council (CCE) along with the National Governors Conference (Conago) agreed on measures to bolster the national market and reduce the current expenditure of local governments by 20 percent.
Members of the CCE and Conago discussed a course of action to take place during the first quarter of 2017 to face possible changes to the North American Free Trade Agreement (NAFTA), such as holding meetings with state governors and reactivating the national market through investments.
CCE president Juan Pablo Castañón claimed support to all actions undertaken by the current administration representatives before the government of Donald Trump: Economy Secretary Ildefonso Guajardo Villareal and Foreign Relations Secretary (SRE) Luis Videgaray Caso.
“Should NAFTA be cancelled, we have the necessary aids to foster investment. There are additional mechanisms to do so, such as the World Trade Organization as well as treaties with other countries,” said Castañón.
The head of Conago, Graco Ramírez Abreu, noted the importance of cutting down current expenses by local governors and not only “simulating” them. “Local governments are responsible for carrying out real austerity measures to create additional income to open new businesses and improve wages,” Ramírez Abreu said.