The News – Capital Media
The News – Capital Media
  • Guajardo Responds to Trump's Toyota Comments

  • Guajardo also indicated that foreign investment in 2017 could reach 25 billion dollars depending on the bilateral renegotiation between Mexico and the U.S.

CIUDAD DE MÉXICO, 12ENERO2017.- El Secretario de Economía, Ildefonso Guajardo Villarreal, se reunió esta mañana con Gustavo de Hoyos Walther, Presidente de la Confederación Patronal de la República Mexicana (COPARMEX). En el encuentro, el Secretario solicitó el apoyo de los Centros Empresariales y Patronales integrantes de la Confederación en las entidades federativas, para avanzar la aprobación en los Congresos Locales, de la reforma constitucional en materia de mejora regulatoria, instrumento que permitirá unificar esfuerzos para la simplificación de trámites a todos los niveles de gobierno, incluyendo el municipal y el estatal.FOTO: CUARTOSCURO.COM, photo: AP

13 of January 2017 16:58:18

Economy Secretary Ildefonso Guajardo said that President-elect Donald Trump should have more respect for Toyota after Trump threatened to move his production from Mexico to the United States. Guajardo also said that foreign investment in 2017 could reach $25 billion depending on the bilateral renegotiation between Mexico and the U.S."A company like Toyota has 10 plants in the United States, 550 distributors and employs more than 130,000 Americans. If I were Mr. Trump, I would treat them with more respect," said Guajardo."However, given the flows I have observed, I would expect that we could maintain an investment level of nearly $25 billion in 2017. A lot of what is finally announced and enacted will depend on the negotiation of a certain business relationship," he said.



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