THE INDUSTRIES OF NUEVO LEÓN AND MEXICO FACE THEIR GREATEST CHALLENGE

May - June 2020

Nuevo León's industry today faces a challenge that is unprecedented in the country's recent history. Although estimates of the economic downturn vary, they reflect that we will face complicated months in the face of lower demand for products and inputs on a global scale.

State-owned companies have taken the necessary measures, often difficult and with consequences, to withstand the contingency and emerge stronger. and with consequences, to withstand the contingency and emerge stronger from it. For example, For example, to help reduce people's physical interactions and comply with federal regulations, many companies have had to scale back or suspend operations. federal regulations, many companies have had to scale back or suspend operations. Unfortunately, a significant number of them will see their growth, investments and hiring halted, while others will not be able to sustain themselves and will have to exit the market.

Companies in Nuevo León are characterized by their sense of social responsibility and focus on the community. Thus, we should be confident that the industrial sector will do everything possible to contribute to maintaining the health, social welfare and economic dynamics of its essential activities in order to face the pandemic with the best of its ability. and economic dynamics in its essential activities to confront the pandemic with all measures to protect its all measures to protect its employees.

Our concern and motivation are for Mexico. For this reason, we have been in direct communication with President Andrés Manuel López Obrador. Our main message to him has been the urgent need to implement a plan to protect millions of formal workers and their families:

- We recognize the priority of closing the gaps of inequality and social marginalization in our country; we are convinced of this. Sustaining an inclusive social policy in the long term requires economic development and growth.

- Urgent support is needed for micro and small businesses with less than 50 workers, which are the livelihood of millions of Mexicans. Our country has no way out of this crisis without them. out of this crisis without them.

- We do not ask for write-offs or bailouts. Our SME sector requires a momentary respite up to four months in their tax obligations, which will begin to be paid after this period.

- Development banking can be a key differentiator at this time, as can increased public spending on public works and infrastructure across the country. as is greater public investment in public works and infrastructure throughout the country.

It is a clear moment of unity and coordination. We will solve this contingency all of us: society, companies and government will participate together to get out of these complex moments as soon as possible and with the least possible impact.

LIC. ADRIÁN SADA CUEVA
President Caintra Nuevo León