Mexico urges local firms not to help build border wall
Economy Minister Ildefonso Guajardo tells Mexican iron and steelmakers that "there are more important things than business, like values"
Mexico’s economy minister has urged
local companies not to participate in the construction of a
proposed wall along the US-Mexico border.
Ildefonso Guajardo, speaking at a conference of
Mexican iron and steelmakers in Mexico City, said the
government had no plans to take steps to prohibit companies
from working on the wall but he called on them to "think about
about their [brand’s] prestige" in Mexico.
"There are more important things than business,
like values," he said. "Companies should think about how
they’ll be viewed in Mexico, where Mexicans
don’t want a wall."
Rogelio Zambrano, chairman of Mexico's largest
cement maker, Cemex, made headlines earlier this month when he
said the company would consider providing estimates to supply
cement to companies that participate in the project. Cemex
later decided not participate in the bidding process for
Cemex share prices have fared well since Donald
Trump won the US presidential election in November last year,
with investors betting the cement company stands to benefit
from a proposed $1tn infrastructure plan.
Guajardo said Mexican companies were free to make
their own business decisions but he told businessmen in the
audience that "it would be in your own interests not to
participate in the building of the wall."