Inclusive, sustainable, and collective growth essential for North America: Juan Ramón De la Fuente

Inclusive, sustainable, and collective growth essential for North America: Juan Ramón de la Fuente

• Foreign Secretary Juan Ramón De la Fuente called continued bridge-building between USMCA member countries to stimulate growth that creates opportunities for all
• At the Global Investors Symposium, Secretary de la Fuente emphasized Mexico's role in today's geopolitical landscape, highlighting the opportunities that nearshoring and technology offer for economic growth and investment

Foreign Secretary Juan Ramón De la Fuente said today that promoting inclusive, sustainable, and collective growth in North America is essential to create opportunities for all, particularly for marginalized communities and regions.

In his opening remarks at the Global Investors Symposium, organized by the Milken Institute, he called for continued bridge-building between USMCA member countries to ensure that the benefits of these global changes are shared and sustainable.

Speaking to international investors and business leaders, Foreign Secretary de la Fuente discussed economic growth opportunities for Mexico and the region, based on inclusion, strengthening partnerships, and collaboration between countries, leveraging geopolitical positioning, nearshoring, and new technologies.

"For Mexico, the current geopolitical and economic context presents an opportunity to strengthen its economic foundation, attract foreign direct investment, and create new jobs in sectors such as manufacturing, technology, and services," he stated. "Mexico is committed to technological innovation and economic connectivity. The rise of artificial intelligence and digital platforms has opened new avenues for growth, and our expanding technology sector, along with its ability to integrate cutting-edge solutions with traditional industries, increases its appeal as a global investment destination."

The Foreign Secretary said that Mexico serves as a bridge between North America and Latin America, offering access to one of the world's most dynamic and fastest-growing regions, which should lead to transforming and enhancing people's quality of life.

Regarding the USMCA's economic and social benefits, the Foreign Secretary noted that trade among the three countries exceeded USD 1.88 trillion in 2023, demonstrating innovation and competitiveness. He added that the treaty's review in July 2026 would help ensure the region's stability and leadership in global trade.

For the upcoming review, in addition to collaboration among the three nations, the private sector's role will be vital, with perhaps greater significance than ever before.

"The 2026 review will be a crucial opportunity to deepen trilateral cooperation, strengthen trade ties, and enhance Latin America's role in global trade. North America's leadership largely depends on the North American economic bloc, and we must act as partners and as a bloc to address both current and future challenges," he acknowledged.

The Foreign Secretary referenced President Claudia Sheinbaum's words about collective prosperity, in this case, between the private and public sectors, civil society, and academia to create an economy that works for all stakeholders.

"President Sheinbaum has a very clear motto for her social programs: collective prosperity. There is no real prosperity if it is not shared," he stated.

During the meeting, the Foreign Secretary also met with Senator Bill Cassidy and the institute's chairman, Michael Milken.