Mexican President calls for boosting the automotive industry

teleSUR English

The president of Mexico, Claudia Sheinbaum, called to boost the automotive industry in her country, amid recent announcements by President Trump to implement the plan of tariffs to that country. teleSUR

Transcript

00:00We have even studied this, and we are very interested.

00:13She put a tax on the automotive industry, and little by little, she reduced that tax

00:21on the automotive industry in Brazil.

00:24I'm not saying that we are going to copy this, because there are different conditions, but

00:28that's what she did.

00:33So a tax to what was being imported, and also to the Brazilian industry, and as she went

00:40down with the taxes, it will be a higher efficiency in development, in science, and investment,

00:47and also the purchase of parts, like in Mercosur, an integral program that allows for 2002 and

00:552017 to go over 75% of car production in Brazil, a higher efficiency, and also more investigations

01:08and development in this industry.

01:10Very interesting.

01:13So what we want is to strengthen the industry here in Mexico.

01:17I was putting as an example the other day, it's not only Mexico, let's not say that Mexico

01:24is not only the half of what it produces is exported, and the other half stays in Mexico.

01:29Maybe we export a little bit more, but we are exporting a lot of vehicles, especially

01:36from Asia, and it's nothing in particular against any Asian country, but it turns out

01:44that there are vehicles that are sold a lot in Mexico, and are not produced in Mexico.

01:55And those are not from national market, and they are not exported anyway.

02:00So we want to strengthen the automotive industry, not regarding the taxes, but regarding how

02:07much are we importing, and how to do that the majority of vehicles that are bought in

02:12Mexico are made in Mexico.

02:16In the face of this international situation that we are facing, but it's all part of the

02:22plan Mexico that we designed six months ago.

02:27And today, it's important for the national economy, especially for the production.

02:34I was reading yesterday on an article on the Forbes magazine, saying that we were using

02:40a lot of programs that exist in Mexico, linked with the commercial treaty with the United

02:47States, where we don't pay added value tax to what we are produced to send to the U.S.,

02:58which is the IMEX program.

03:02So they were saying that this was abused a lot, and that it had affected the manufacturing

03:08industry.

03:09So we are going over all these, so we are going over all these programs.

03:13That's why the program that we are going to present tomorrow, that it will be only

03:19related with the tariffs that the United States may impose, which we already have some, and

03:26we have decided to wait to see what they are going to present, and then we are going to

03:30continue talking with the United States.

03:32There is a good communication.

03:36So it's an integral program for the strengthening of the national economy.

03:40That has to do also with this.

03:45Not in any country in the world people are building what we are building here, the amount

03:49of trains, the amount of airports, of ports, and all the program to promote the manufacture

03:59in our people.

04:09Regarding legitimacy of the reforms, there is no doubt.

04:16The consultation has over 80 percent.

04:21What are the values of the market and international restrictions?

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