The American Society warns that the outsourcing reform project will seriously jeopardize American investments in Mexico

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MEXICO CITY, January 28, 2021 / PRNewswire / – The President and Chairman of the Board of the American Society of Mexico, Larry Rubin, outlined today that the approval of the Mexican President’s proposed outsourcing reform project will make it harder for US companies and all companies of different sizes to operate Mexicoand particularly the risk of American investments in the country. “Reform of the law, as proposed, will put US businesses at risk and put millions of SMEs and workers at the worst,” Rubin said.

US-Mexico Trading accounts for $ 628 billion in 2019.

Mexico Starting next week, Congress will be debating a bill that, if passed, will ban outsourcing to hire workers and place a heavy burden on all domestic and multinational companies.

The practice of outsourcing recognized as strong and useful by The United StatesThe Mexico-Canada Agreement (USMCA) is a tool used by all companies when they enter other markets and operate in both countries The United States and elsewhere. “Outsourcing is a critical tool for entrepreneurs. It guarantees quality employment and security for workers, but also legal security for companies, and that is what it really is about,” said Rubin. The United States conducts FDI into MexicoIn the automotive, technology, science and aerospace sectors in particular, companies use outsourcing and insourcing as an important tool.

US companies represented by The American Society see the reform of the outsourcing law as a direct impact Mexico Relationships to The United States at a critical time, especially after the effects of the pandemic.

“The signal that Mexico will send out into the world with this reform, will be toxic and contradict the spirit of free enterprise. Mexico is unable to send such signals. It’s a terrible decision, at the worst possible time, “notes Rubin.” US companies have alternatives to choosing other countries Mexico in developing foreign investment strategies, “commented Larry. The passage of the bill will have an impact on job creation in the country MexicoAccording to a number of chambers of commerce and associations, including The American Society. “The reality is that Mexico I can’t afford to lose millions of jobs because it will cost me Mexico to pass the proposal, “said Rubin.

Larry Rubin is the president of the influential American Society of Mexico, which has served the interests of two million Americans, American companies and NGOs living in the country since 1942 The United States.

As a not-for-profit, impartial organization, it was founded in its original statutes to represent all of the United States’ private interests Mexico.

Larry was a leading American voice in Mexico and has campaigned for Mexico-US relations for over 20 years. He is the former CEO of the American Chamber of Commerce and Vice President of the Association of American Chambers of Commerce in Latin America. He has been key in supporting critical legislative proposals and a critical voice among those trying to harm Mexico-US relations. He is the former general manager of American Airlines in Mexico, Vice-President of the umbrella organization of the Chambers of Industry, CONCAMIN, the Confederation of Chambers of Industry.

The mission of the American Society of Mexico is to promote friendship, cultural, business and civic relationships between The United States and Mexico and other countries that have diplomatic relations with both nations. AmSoc, as it is also known, is an attorney for Americans in Mexico and Mexicans in The United StatesCooperate on the bilateral agenda established between the two Mexico and The United Statesand defend bilateral interests.

SOURCE The American Society of Mexico