Global companies warn of investment risks due to judicial reform in Mexico

The Global Business Council, which represents 60 multinational companies in Mexicoissued a statement on Thursday expressing concern about the risk to investment that the president-elect’s judicial reform project may pose. Claudia Sheinbaum.

“The current draft reform contains some critical aspects that must be adjusted to ensure legal certainty and prevent investment from being discouraged.“, the statement said.

The business conglomerate is calling for the reform to respect some principles that it considers fundamental.

Firstly, the independence of the judiciary, the establishment of impartial and equitable selection and appointment processes, respect for the conditions of service and the permanence of judges, and the lack of constitutional limitations on sentences issued in amparo proceedings, constitutional controversies and actions of unconstitutionality, as well as on suspension.

In addition, the body demands a reasonable implementation period.that safeguards the administration of justice and the rule of law“and the issuance of clear guidelines to the federal entities for the implementation of regulations at the local level.

The statement notes the importance of the reform “does not breach obligations under international trade treaties signed by Mexico”, in which, they say, the country has made commitments that require ensuring a stable and predictable environment for investment.

“We are concerned that the reform could undermine the rule of law and the administration of justice in Mexico. The lack of ability of investors to obtain fair and predictable recourse in the Mexican judicial system would undermine, among other things, the trilateral talks already underway on the USMCA in 2026.″, the text says.

The document also extends its concern to other agreements such as the Treaties with European countries, the Asia-Pacific Economic Cooperation Forum and the Free Trade Agreement with Central America.

“The Global Business Council is confident that President Andrés Manuel López Obrador, President-elect Claudia Sheinbaum and members of Congress will make the best decisions that will allow the country to continue growing.”, the statement concludes.

The reform, initially proposed by López Obrador and which Sheinbaum has already committed to promoting thanks to her future qualified majority in Congress, aims for the popular election of judges in parallel with the presidential elections.