Mexican government to buy more from the national industry

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Purchases by the Mexican government from the national industry and commerce are far from reaching the goal established by the present administration, which is estimated at US$6 billion, as purchases from SMEs are currently worth an approximate of US$4.4 billion, according to reports from the Ministry of Economy. Manuel Herrera Vega, President of the Confederation of Industrial Chambers (CONCAMIN), presented a plan for a 2017 production shield, to boost internal economy in the light of international financial instability. This shield must include the increase to government purchases and financing exceeding 30% of total annual purchases, which currently is not even worth 20%, as most purchases are foreign. The entrepreneurial sector demands that government purchases be used as a propeller to develop SMEs while creating and promoting national policies to help create the Mexican industry of entrepreneurial capital.