Coparmex Warns About the Impact of Judicial Reform on Vital Economic Projects

17:41 11/09/2024 - PesoMXN.com

The recent approval in the Senate of the judicial reform proposed by President Andrés Manuel López Obrador could have repercussions on the country's economy, warns the Confederación Patronal de la República Mexicana (Coparmex). The business organization states that "instead of strengthening and securing the autonomy of the Judiciary, this reform places it in a position of high vulnerability to political and economic interests."

According to Coparmex, uncertainty is already being felt among both local and foreign companies, who have expressed concern about the politicization of the judge selection process, which could undermine the rule of law. "This, in turn, would negatively impact crucial projects for our economy and, consequently, the well-being of all Mexicans," they emphasized. The uncertainty created by this reform could affect both national and international investment, as well as market confidence. Additionally, it was highlighted that economic indicators are very sensitive to changes that disrupt the balance among the branches of government; losing this balance can have severe consequences for the country's productive activities. "Any adjustments to the justice system must be made with a clear understanding of the separation of powers, the economic effects, and the international commitments that Mexico has made," they argued in a statement. Finally, Coparmex criticized the speed with which this reform was approved, as it seems to respond more to immediate political interests than to the actual justice needs in the country. This was evident in yesterday’s session, where a troubling trend to ignore diverse perspectives was noted. "Mexico, which has shown political maturity by finding consensus, now faces a reality of impositions," concluded Coparmex.

The current situation of the Mexican economy reflects how delicate the balance of powers can be in attracting investments and building a secure legal environment. It is essential that reforms are made with transparency and consideration for all parties involved, as trust is key to generating growth and stability in the country. Political and legal stability forms the foundation for the economy to flourish.