The judicial reform in Mexico remains under the scrutiny of the international financial press, which does not take its finger off the line regarding the implications that the initiative will have on the economy.
An editorial in the American newspaper The Wall Street Journal and an article in the British newspaper Financial Times agree in comparing the Mexican situation with Venezuela and Russia, two countries that have traditionally been at the center of their criticism.
Although both agree in pointing out the consequences that the reform recently approved in the Chamber of Deputies will have on investments, the approach is different.
In the case of the New York newspaper, the cases of Mexico and Venezuela serve to criticize the Biden administration, which it implicitly accuses of not intervening.
For the London newspaper, the comparison with Russia serves to document the concern among businessmen about the consequences that the popular election of ministers and judges would have, in addition to the disappearance of autonomous bodies.
The Wall Street Journal editorial titled “Latin America continues to move south” warns that Biden is tinkering while problems in Mexico and Venezuela grow.
“There was a time when defending American values in the Western Hemisphere was a major U.S. national security goal. But as problems grow in Venezuela and Mexico, the Biden administration is largely a spectator,” notes the WSJ.
The text considers that Mexico is also leaning toward one-party rule without much objection from Washington.jxcNi3a Omnia.com.mx
jxcNi3aIn this context, it warns that the judicial reform promoted by President Andrés Manuel López Obrador will end the independence of courts and independent regulatory agencies. “This will undermine economic and political competition and the rule of law,” warns the WSJ.j
It will also violate the United States-Mexico-Canada Agreement, which is crucial to President-elect Claudia Sheinbaum’s economic program built on attracting capital to make goods for the North American market. Investors will lose judicial security as the president’s Morena party takes control of the Supreme Court and abandons private investment to compete with state-owned companies,” the editorial says.
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