Concanaco supports judicial reform; perceives a lot of corruption

Mexico City. The majority of members of the Confederation of National Chambers of Commerce, Services and Tourism (Concanaco-Servytur) are in favor of the reform of the Judicial Branch as proposed by President Andrés Manuel López Obrador, because there is a lot of corruption, reveals a survey carried out among members of the oldest business organization in the country.

“The majority, according to the survey, establishes that a reform of the Judiciary should be carried out and also confirms the fact that the feeling, because it is a perception, is that the Judiciary does have a high rate of corruption and we are talking about more than 70 percent,” said Octavio de la Torre de Stéffano, leader of Concanaco Servytur, in a press conference.

According to a survey conducted in recent days by an external consulting firm, 52 percent of union members agree that the Congress of the Union should make changes to the judicial system, while 48 percent disagree.

Although 6 out of 10 owners of commercial and service establishments trust the government of President López Obrador in the management of the reform that legislators will discuss in September, the level of trust is higher (7 out of 10) for the same issue in the administration of the president-elect, Claudia Sheinbaum Pardo.

With this, Concanaco – which represents the sector that accounts for two thirds of the economy – is positioned as the first private sector organization to support the initiative, although De la Torre de Stéffano noted that the judges chosen must be people trained in their areas.

According to the survey, business owners in tertiary activities also believe that it is necessary for the judiciary to have a body in charge of supervising judges.

The Concanaco leader commented that although his members perceive “a lot of corruption”, there is confusion in believing that the attorneys general or those of the states or the public ministries are part of the Judicial Branch.

Without affectations

Regarding the depreciation of the peso against the dollar that has been observed since last June, De la Torre de Stéffano minimized the impact, as he considered that the Mexican economy is strengthened and the rating agencies’ claims have not come true, since even investment intentions have not been affected by this situation.

“It is a reality that is reaching investment. I see it with our Development and Investment Center that we have in Concanaco-Servytur, where people from Uruguay, Singapore, and China have come with the intention of investing in Mexico and of making investment letters of intent in different states of the Republic,” he said.

On the other hand, he acknowledged that the appreciation of the dollar generates benefits for a segment of the economy, in particular, for all export products, since it generates a direct benefit for all companies that are part of the maquiladora industry, export service manufacturing and those that provide services or sell products for export.

However, he also noted that for importers the observed level of the exchange rate represents a marginal increase in the products consumed by households.

Although he did not offer an estimate, he considered that with the entry of the government of President Sheinbaum Pardo, the peso will appreciate at the end of the year.