JPMorgan CEO Jamie Dimon Highlights Opportunities in Mexico’s Growing Economy
JPMorgan Chairman and CEO Jamie Dimon praised the future of the Mexican economy during his recent visit to the country, which involved a meeting with President Claudia Sheinbaum.
Sheinbaum first reported the meeting on social media, revealing it took place at the National Palace on Tuesday. “We discussed the favorable outlook for Mexico, the strength of our economy, and the importance of the North American trade agenda,” Sheinbaum said.
During a later interview with local Mexican media, Dimon reinforced the relevance of the bilateral relations, declaring that both countries were lucky to have each other and stressing a joint effort to conclude the necessary agreements and focus on mutual growth.
Dimon highlighted the opportunities in energy, infrastructure, and technology development that Mexico could foster if the right decisions were taken in the next few years.
“I believe Mexico has a huge opportunity over the next 20 years. I would be willing to buy an ETF—a Mexican fund—hold onto it for 10 years, and I guarantee you it will do well,” Dimon assessed.
The meeting takes place as the U.S. reviews the United States-Mexico-Canada Agreement (USMCA), with President Donald Trump criticizing the alleged unfair treatment the country has received.
“We don’t need anything that Canada has, we don’t need anything that Mexico has, but they need everything that we have,” Trump recently stated.
Dimon referred to the subject, stressing that for this growth to continue, the agreement should be reviewed to benefit both Mexico and the U.S., mentioning China as a contentious factor.
“If there are areas where China is using Mexico to circumvent U.S. tariffs and the like, that is something Mexico should monitor closely,” he said.
Even so, Felipe Garcia Moreno, Mexico Senior Country Officer at JPMorgan, estimated that foreign investment in Mexico could reach 50 billion in 2026 with an increasing influx of U.S capital.
“We have seen a significant increase in mergers and acquisitions activity—for example, U.S. companies acquiring stakes in Mexican companies or increasing their existing holdings,” he concluded.
