Highlighting advantages of national consumption
Facing the uncertainty about the future of the NAFTA, the productive value chain should be strengthened to substitute imports. That way, US$100 billion could stay in Mexico over the next 10 years, affirmed the President of the Confederation of Industrial Chambers (CONCAMIN), Manuel Herrera. The industry has been experiencing 20 months with rising production costs. Raw material importers are affected by exchange rates and impacted by interest rates. If a favorable scenario presents in 2017, the industry might grow up to a 1%.