The Business Coordinating Council (CCE), the leading body of the private sector, has already defined the calendar for the election of its new president who will be elected in the second week of December.
The favorite candidates to succeed Francisco Cervantes, who celebrated 3 years at the head of the CCE last March, are: José Medina Mora, former president of Coparmex, and Juan Cortina Gallardo, former president of the National Agricultural Council.
Unlike last March, when the replacement should have taken place, it is stated that now both candidates already have the approval and decisive approval of the Mexican Business Council, which brings together the largest companies in the country and today has a sui generis Executive Commission headed by three presidents: Antonio del Valle Perochena, Grupo Kaluz; Daniel Servitje, Bimbo; and Enrique Zambrano Benítez; Proeza Group.
Medina Mora was characterized as the head of Coparmex for being a staunch defender of the interests of the private sector, without falling into a sterile confrontation with the López Obrador government, but neither did he fall into servility. Medina Mora was key in the agreement with López Obrador to promote the pension reform – perhaps one of the most important of his six-year term – because the employers committed to increasing the employer’s contribution to the SAR, which means that workers will have a higher pension. In fact, Coparmex, under the leadership of Juan José Sierra, remains today as the most critical organization of judicial reform, the reform of the protection law, and that of the tax code.
As for Juan Cortina Gallardo at the head of the CNA, he also maintained a critical, but more conciliatory, stance with the López Obrador government.
Registration opens on November 6
It will be on November 6 when the registration of candidates will open, which will close on November 11 and, of course, there is the possibility that another candidate will register, although everything indicates that it will only be Medina Mora and Cortina, and both will seek to be unity candidates.
Between November 14 and December 5, the candidates will present their work proposals and, later, in the second week of December, the election will be held.
It must be remembered that the CCE is far from being a democratic example since only the 6 associated organizations have the right to vote, because the other 7 are invited and do not participate in the election of the president.
In fact, there are no longer 7 but 6 who have a vote: Coparmex, Mexican Business Council; National Agricultural Council (CNA); Concamin, Confederation of Industrial Chambers; Association of Banks of Mexico (ABM); and Mexican Association of Insurance Institutions (AMIS).
As it will be remembered, Concanaco is outside the CCE as long as Octavio de la Torre is the president.
T-MEC, protection reform and Plan México
Among the great challenges for the new leader of the CCE is the review of the T-MEC. There is great coordination with the Secretary of Economy, Marcelo Ebrard, now without the so-called Cuarto de Junto. For the CCE it also implies greater coordination with all member organizations, because Ebrard gives more voice to local businessmen from all sectors.
Another challenge is the landing of Plan México that Sheinbaum is so interested in and, specifically, greater investments and financing for SMEs. The problem is the legal uncertainty generated by both the judicial reform and the tax code and, of course, the amparo reform, which does include disguised retroactivity.
CIBanco will sell its brokerage house
Salvador Arroyo, former CEO of CIBanco, explained that it was at the request of the group’s shareholders that the CNBV began the liquidation of the assets and the bank.
Since June 25, when the Treasury Department accused them without having presented any evidence of carrying out washing of money, they have been collaborating with the financial authorities and the CNBV, which intervened managerially and assured that they will continue working hand in hand with the liquidator both for the payment of the 33,500 clients who will receive the deposit insurance payment for 400 thousand udis, and for the liquidation of the 3,000 employees of the group.
A change of control will also be sought in the brokerage firm, which is outside the FinCEN accusations, and the orderly sale of the assets.
IEPS lowered by agreement with soft drinks companies
After intense lobbying, the soft drink companies reached an agreement with Morena deputies to reduce the IEPS from 3 to 1.50 pesos per liter that they intended to charge for drinks with non-caloric sweeteners, that is, lights.
President Sheinbaum announced that Coca-Cola and other companies committed to continue reforming their products with less sugar in order to help reduce the problem of obesity and diabetes in Mexico.
The absurdity that in 2026 light products would have cost more than sugary ones was avoided.
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