Mexico's President-Elect Sheinbaum to Embrace Nearshoring
Claudia Sheinbaum has expressed clear support for nearshoring and sees it as an opportunity to improve social welfare in Mexico. Since April 2023, even before becoming president-elect, she participated in a "nearshoring" forum where she stated that foreign investment must translate into decent jobs and fair wages[1].
As president-elect, Sheinbaum has given signals that she will maintain and strengthen support for the manufacturing sector and its relationship with the United States. She has highlighted the importance of foreign investment and the relocation of production chains (nearshoring) in her speeches and position statements[1].
Sheinbaum has committed to a "comprehensive approach to economic development" that includes nearshoring and company relocation, along with good working conditions, rights, and housing for workers. Her administration plans to pri