This shows that formal employment in Mexico, which has the benefit of social security, “Is growing at an annual rate of 4.4 percent, more than twice the growth rate of our economy,” he said.
The president said that in the two and a half years of this administration, “Over 1,424,000 formal jobs have been created in Mexico, a record figure, which can be contrasted with past data.”
He highlighted the importance of these figures, which, “Also means that more formal jobs are being created today and that there are fewer jobs in the informal sector, which is good for the development of economic activity in Mexico, but even more important and of greater benefit to Mexican families.”
As he inaugurated the event in which Cargill, which processes agricultural raw materials, announced its investment in Mexico in a business plan for over seven billion dollars for the three-year-period from 2015 to 2018, President Peña Nieto also declared that during the first months of this year there have been historically low inflation rates since this indicator was measured in Mexico: “In July, annual inflation was 2.74 percent, the lowest annual inflation recorded in the past 45 years.”
“This involves strengthening the economy of Mexican families. It is reflected in the fact that nowadays, families’ incomes enable them to acquire more consumer products, since their incomes go further because the price increases in various products have not been high or higher than in other years,” he explained.
The president highlighted the volatility and instability of today’s international financial markets. “This is when people weigh up and determine which countries offer more stable conditions, greater certainty and confidence, and Mexico is one of those countries,” he said.
The president declared that the government has focused, “On a single target: maintaining our strengths and acting responsibly in managing policies and public finances to maintain this condition of stability that allows us to remain an extremely reliable country and makes it possible to attract more investment.”
He said that, “Mexico will continue working responsibly to maintain the conditions that enable our country to remain a reliable destination, providing certainty for all the investments that wish to produce in Mexico, to contribute to job creation, and most importantly, to the growth of economic activity in our country, and thus produce well-being for Mexican families.”
He said that the government, “Is a staunch ally of those who trust in our country, who are determined to continue growing with Mexico and those who are betting on the present and future of our country.”
The president reported that according to data from the National Institute of Statistics and Geography (INEGI), “During the first five months of this year, agricultural activity in Mexico grew by 6.3 percent compared to the same period last year. That proves that this sector, agriculture, is now one of the most dynamic ones in our economy and one that is experiencing the greatest growth.”
He mentioned other key data: during the first half of the year, agricultural exports were 7.6 percent higher than those recorded in the first six months of 2014.
He announced that Cargill’s confidence, reflected in the announcement of its business plan for the next three years, “Will allow our country to continue having more employment, strengthen the production and value chains of the food industry and enable companies like this to see Mexico as a reliable destination.”
MEXICO IS A GREAT BUSINESS PARTNER: DAVID MACLENNAN
President and CEO of Cargill David MacLennan declared that the reforms being implemented by President Peña Nieto, particularly in education, energy, the economy, tax and labor, will boost Mexico’s competiveness and are already yielding positive results compared with other countries that are struggling in these difficult times for the global economy.
He stressed the company’s confidence in Mexico’s future thanks to the reforms achieved. He said that Mexico is a great trading partner; “As borne out by the business plans we have announced today”.
He praised the government’s efforts to increase access to education, health, housing, and food, as well as other components of social development designed to improve the population’s quality of life.
During the commemoration of the company’s 50th anniversary in Mexico, MacLennan agreed with the president’s commitment expressed at the headquarters of the United Nations Food and Agriculture Organization, to eradicate hunger by ensuring access to credit, improved agricultural practices and technical support for small farmers and their families, while fostering their participation in local and regional markets.
He emphasized his interest in increasing the firm’s presence in food supply chains. “We are hoping to invest in Mexico,” he said, “We know that the future will be very bright.”
EXPORTS FROM THE AGROINDUSTRIAL AND AGRICULTURAL SECTOR HAVE MULTIPLIED THE CAPACITY FOR GROWTH OF THE SECTOR 6.5 TIMES: ILDEFONSO GUAJARDO
Secretary of Economy Ildefonso Guajardo Villarreal said that in just 20 years, exports from the agro-industrial and agricultural sector have increased from four billion to 26 billion USD, multiplying the sector’s capacity for growth by a factor of 6.5.
This is thanks to the efforts of our competitive integration, he said. As a result, during this administration, international companies have announced extraordinary investments in Mexican agribusiness, which have strengthened the value chains, he explained.
He recalled that when Mexico began to open itself up to international trade through the North American Free Trade Agreement, the product subjected to the longest period of tariff reduction was maize: “Thanks to the strategic alliance with companies such as Cargill, we were able to fight for efficiency and competitiveness in the international environment”.
Therefore, he said, “Nowadays, the agricultural sector has accompanied us in all the international trade negotiations”. Guajardo Villarreal hoped that the company’s presence in Mexico would continue to be a strategic alliance for Mexican farmers and consumers.
PRESIDENT EPN’S REFORMS BOOST PRODUCTIVITY AND ARE REFLECTED IN STABILITY: ARISTÓTELES SANDOVAL
Jorge Aristóteles Sandoval, governor of Jalisco, said the growth of the company has been possible through the strong support of President Enrique Peña Nieto, and his sweeping reforms, “That are boosting productivity and are reflected in stability.”
He reported that for the first time in the state, the price of certain foods has dropped since January, adding that this, “Means that the food industry is also doing its part to reduce poverty in Jalisco.”
In the state, he said, over 280,000 people, “Have emerged from the most unfortunate form of poverty, namely food poverty”.
He stressed that the development of knowledge, technology and tools that improve agricultural productivity is crucial to Mexico’s development.
He declared that, “The food industry has been a crucial factor in the sustained growth Jalisco has had in this area,” and explained that, “In 2014 alone, its exports have increased by nearly 17%.”
In this regard, he said that the presence and confidence of companies like Cargill in the state are proof of joint work, which yields results, “Not only to continue growing and attracting new investments, but to support those who already have good jobs here, who continue to believe and improve production chains with national contents.”