Mexico announces a plan to be the tenth economy in the world despite Trump
Claudia Sheinbaum presents the 'Plan México', a strategy to attract investments and position Mexico among the world's economies.

- Mexico aims for top 10 global economy.
- Billion-dollar investments despite US tensions.
- 1.5 million jobs targeted by 2030.
On Monday, President Claudia Sheinbaum launched the ‘Plan México,’ a strategy in collaboration with the private sector to bring the Mexican economy into the top 10 globally.
The goal is to secure at least $277 billion in investments despite measures expected from the incoming government of Donald Trump in the United States.
«These are ambitious goals, for example, moving from being the 12th largest economy in the world to being the 10th. That’s the size of our objective,» she said.
«To raise the proportion of investment with respect to GDP (gross domestic product) above 25%,» Sheinbaum stated when presenting the strategy in Mexico City.
MEXICO SEEKS TO ENTER THE GLOBAL ECONOMIC TOP 10
Sheinbaum presented the program a week before Trump assumes the presidency in the United States.
He has warned that one of his first actions will be to impose 25% tariffs on Mexican products unless Mexico halts the «invasion» of migrants and drugs, particularly fentanyl.
You may also like: Sheinbaum responds to Trump about ‘The Gulf of Mexico’
Although she did not directly mention Trump, the president emphasized: «Every Mexican should know that there is a plan, that there is development.»
«That in the face of any uncertainty coming in the near future, Mexico has a plan, and we are united going forward.»
A plan to face international challenges
The Mexican president expressed confidence that Mexico will remain «the top trading partner of the United States, surpassing China and Canada.»
With a trade exchange of $776 billion in the first 11 months of 2024.
«We know, moreover, that this will continue, that the Mexico-United States-Canada Agreement (USMCA) will remain.»
«Because it has proven to be one of the best trade agreements in history, benefiting the three countries,» she asserted.
Goals of ‘Plan México’
Sheinbaum assured that the government has already secured $277 billion in investments that align with the objectives and plan presented.
This includes 2,000 registered projects in the portfolio, although the companies or sectors involved have not been specified.
By 2030, when Sheinbaum’s term ends, the plan aims to increase the national content in global value chains by 15% in industries such as automotive.
Additionally, aerospace, electronics, semiconductors, pharmaceutical, and chemical industries.
Key goals of ‘Plan México’
The plan also includes having 50% of supply and national consumption come from Mexican production in strategic sectors, and having half of public procurement from national production.
This would generate an estimated 1.5 million additional jobs in specialized manufacturing and other key sectors.
Other goals include “fully developing” vaccines in Mexico, training 150,000 professionals and technicians annually, and providing 30% of small and medium enterprises (SMEs) access to financing.
The plan also aims to make Mexico one of the world’s top five tourist destinations.
What did Mexican officials say?
Economy Secretary Marcelo Ebrard highlighted that the ‘Plan Mexico’ “is months of work led by Dr. Claudia Sheinbaum to have Mexico’s navigation map for the new era it will face.”
“There are uncertainties in the immediate future, but if we are united and have the national direction we have, we will move forward,” he said.
Finance Secretary Rogelio Ramírez de la O explained that in 2021, he presented Washington with a proposal to replace 10% of imports from China with North American goods.
This would grow Mexico’s GDP by 1.2%, the U.S. by 0.8%, and Canada by 0.2%.
Strengthening North America against Asia
Sheinbaum acknowledged that imports from Asia to Mexico totaled $210.95 billion in the first 11 months of 2024.
But she argued that “the United States also depends heavily on imports from China and other Asian countries.”
Those imports reached over $1.24 trillion during the same period.
“We will strengthen the regional market, and our goal is to extend this vision to the entire American continent, aiming to be the region with the most potential and development in the world,” she concluded.
Source: EFE.


