Tuesday, April 1, 2025

President welcomes private sector’s new code of ethics

President López Obrador said Thursday he welcomes a new code of ethics being prepared by the private sector.

“I want to emphasize that there is a very positive attitude in the private sector of the country. I’ve even been informed . . . by the leaders of the country’s businesses that they are working on a code of business ethics,” he told reporters.

“It is necessary that what happened here in Mexico does not happen again: foreign companies bribing to get fat contracts with excessive profits, to the detriment of the public treasury.”

He condemned domestic and foreign companies that have profited at the country’s expense, mentioning Respsol Energy and OHL Construction of Spain, and the Brazilian engineering and construction conglomerate Odebrecht.

“Many companies got used to getting their tax debts forgiven. In any other country of the world, it would be a scandal to know that in Mexico big companies [and] banks didn’t pay their taxes, or they were returned to them, written off, causing low collection rates. The entire fiscal burden was carried by the lower and middle classes, the workers, of course,” he said.

The president mentioned that the private sector in the United States has changed its code of ethics, which now includes a commitment to reasonable profits, fair treatment of workers and respect for the environment.

He noted that his government is not opposed to the private sector because whoever earns reasonable profits, complies with their fiscal responsibility, makes investments and creates jobs deserves respect.

“We’re opposed to ill-gotten riches, to those who traffic in influence,” he said.

Sources: Reforma (sp), El Financiero (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
Los Alegres de Barranco band poses with instruments and cowboy hats

US revokes visas of Mexican band who paid homage to cartel boss ‘El Mencho’

4
The band Los Alegres del Barranco is at the center of a heated controversy after paying tribute to notorious drug lord Nemesio "El Mencho" Oseguera Cervantes during a recent concert.
Kristi Noem and President Trump

Homeland Security Secretary outlines Trump’s ‘wishlist’ for Mexico to sidestep tariffs

9
The list of requests was presented to President Sheinbaum by Homeland Security Secretary Kristi Noem, who suggested Mexico may still be able to avoid tariffs before Wednesday.
A stack of tortillas with a hand at the top, pulling a couple of tortillas off the stack.

UNAM designs a ‘supertortilla’ to fight malnutrition in Mexico

3
According to federal data, over 18% of Mexicans lack access to quality nutritional food, while obesity and diabetes are prevalent in Mexico.