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Puerto Vallarta News NetworkBusiness News 

Mexico’s Private Sector Proposes Plan to Create 1 Million Jobs
email this pageprint this pageemail usLatin American Herald Tribune
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March 19, 2010



President Felipe Calderon (R), who attended the Concanaco assembly, expressed support for the proposal and said he would do his part to make the plan feasible.
Mexico City – Representatives of Mexico’s private sector pledged to create a million jobs this year if rules are put in place to increase firms’ competitiveness vis-a-vis their foreign counterparts.

“I propose a pact in which the private sector will accept the challenge of creating a million decent, well-paid jobs this year,” the head of the Confederation of National Chambers of Commerce, Tourism and Services, or Concanaco, Mario Sanchez, said.

Sanchez said business leaders will assume this challenge if “the Congress and executive branch pledge to create the conditions” that allow companies to compete in international markets.

He said tax reform is essential to provide Mexican business leaders with greater legal certainty.

The Concanaco chief also called for greater transparency, accountability and results-assessment in the federal government’s disbursement of public funds.

President Felipe Calderon, who attended the Concanaco assembly, expressed support for the proposal and said he would do his part to make the plan feasible.

“I am very much in favor of the pact you’ve proposed, Mr. Sanchez Ruiz, concerning the creation of a million jobs this year by the private sector,” Calderon said.

Mexico was battered last year by the global recession and the outbreak of the AH1N1 flu virus, which led to the shuttering of some companies and job losses.

The country was especially hard hit in late 2008 and early 2009 by a drop in exports to the United States, by far the biggest market for Mexican goods and services.

Mexico’s gross domestic product fell 6.5 percent in 2009 and, according to Calderon, one of every 100 formal jobs registered at the Social Security Institute was lost.

The Economic Commission for Latin America and the Caribbean, for its part, said in January that there was a big increase in informal employment last year in Mexico, up by 28 percent, or approximately 15 million people.

But the president said one of the symptoms of a nascent economic recovery was the creation in January of 34,000 new formal jobs and another 130,000 in February.

According to another report published Feb. 25 by the Inegi statistics agency, Mexico’s unemployment rate stood at 5.87 percent in January compared with 5 percent in the same month of 2008.

Inegi, the only agency that provides employment figures in Mexico, defines the employed as people over the age of 14 who work at least six hours a day at any type of job.




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