Los Cabos, BCS. Faced with the economic unrest at the national level, one of the strategies adopted by subnational governments is the construction of a regional agenda that denotes local economies.
In this context, on November 11 and 12, the SUMMIT 2021 of the Forum of Sea of Cortez, whose objective is to turn this region into one of the main poles of sustainable development in the country and in the world.
In this framework, the five states that have coasts with the Sea of Cortés (Baja California, Baja California Sur, Nayarit, Sinaloa and Sonora) are integrated with government, social and business leaders, in order to work on a regional agenda that produces goods and services for society, and, therefore, boost local economies without affecting the environment.
Due to the fact that the national economy is contracted (the opportune figure of Mexico’s GDP published by Inegi reports a fall of 0.23% at a seasonally adjusted quarterly rate in the third quarter of 2021), the role of the five states that adjoin Mexico becomes relevant. the Sea of Cortez.
Together, these entities contribute 10.8% of the START national, which is equivalent to 2.5 trillion pesos. The economic growth of this region, measured by the Quarterly Indicator of Inegi State Economic Activity, averaged 2.4% annually in the last decade and 4.6% at pre-pandemic levels. At the national level, the results were 1.6 and 2.1%, respectively, that is, more than double the dynamism in the pre-pandemic period.
One of the axes of the regional agenda of the Sea of Cortez is to promote during the coming years, due to the vocation of each state, the industrial, fishing and sustainable tourism sectors.
For example, Sinaloa, which is the 18th economy by size with a contribution of 2.2% of the national GDP, is considered the most important agricultural state in the country, known as the “granary of Mexico”; The primary sector that groups agriculture, animal husbandry and exploitation, forestry, fishing and hunting, is the second in importance, after wholesale trade, representing 12.8% of its economic activity.
Nayarit is the state in which shrimp is fished the most in the country, although it also excels in the production of sugar and tobacco; It is the 30th economy in size with 0.7% of the national GDP and its main sector is temporary accommodation services and food and beverage preparation (13.7% of its total activity).
In the case of Baja California Sur, its main economic activity is tourism and complementary services, therefore, construction is its engine (22.8% of its GDP); ranks 28th in contribution to the mexican economy, with 0.9 percent.
Finally, Sonora and Baja California are part of the top 10 of the largest economies in the country, with shares in Mexico’s GDP of 3.4% (10th place) and 3.5% (8), respectively.
For Sonora, which is one of the states that consolidates commercial ties between Mexico and the United States, its largest sector is manufacturing, with 25.0% of its GDP, however, it also stands out in agriculture, livestock and fishing.
Baja California is considered one of the most important economic bridges with the American Union and its vocation is concentrated in manufacturing industries (30% of its total activity), although it stands out in tourism and primary sectors.
Assistants
The SUMMIT 2021 of Sea of Cortez forum It takes place on November 11 and 12 and includes personalities such as Ricardo Hausmann, founder and director of Harvard’s Growth Lab and the Rafik Hariri Professor of the Practice of International Political Economy at the Harvard Kennedy School; Christy R. Walton, philanthropist and businesswoman; Ernesto Stein representative of the IDB in Mexico; Adriana Tortajada Narváez, Global Director of Entrepreneurship at Grupo Santander; Agustín Coppel, CEO of Grupo Coppel; Valeria Moy, General Director of IMCO; among other.
The governors of Baja California Sur, Víctor Manuel Castro Cosío; Baja California, Marina del Pilar Ávila Olmeda; Sinaloa, Rubén Rocha Moya; and from Nayarit, Miguel Ángel Navarro Quintero.
Reference-www.eleconomista.com.mx