Sheinbaum will aim to boost FDI in Mexico

Significance She nevertheless looks keen to accelerate Mexico’s nearshoring strategy and boost foreign direct investment (FDI), growth of which was subdued under former President Andres Manuel Lopez Obrador (AMLO). Impacts The nearshoring trend may exacerbate regional inequalities within Mexico, with northern states benefiting more than those in the south. Mexico has a competitive workforce but addressing skills gaps would help meet demands of high-value manufacturing and other industries. Trump, having been one of the main architects of the USMCA, is unlikely to scrap the agreement, despite his tariff threats.