The impact of Mexico's elections on AZ businesses

The impact of Mexico's elections on AZ businesses

CREATED Jul 8, 2012

Reporter: Valerie Cavazos

TUCSON (KGUN9-TV) -- A new president in Mexico takes the stage and promises a new style of leadership for a party long accused of corruption and authoritarian rule.

Experts say the Enrique Pena Nieto will be closely analyzed and scrutinized by political and businesses leaders in Mexico and in the United States -- especially in Southern Arizona, where hundreds of millions of dollars are at stake.

As Nieto enters the presidential arena - a lot hinges on his success. The nearly five months from the July elections to the December inauguration will be a critical time.

One analyst believes what happens in the next several months could change the economic outlook here in Southern Arizona. "Once the process is hammered out and the president comes into power in December, what we have is the opportunity to increase the collaboration between the two nations," said Alex Rodriguez, former defense policy advisor during the Clinton Administration and current business consultant.

Rodriguez said local mayors and businesses leaders in Southern Arizona are preparing for talks with the newly elected leaders in Mexico's border states in hopes of improving business relations.

He listed three important areas that will have an immediate impact on Southern Arizona businesses. He said, "expanding the port in Guaymas, more customs agents sent to Nogales Port of Entry for more efficient flow of people, goods and services, and Tucson becoming a hub that helps attract business and trade."

But since the next few months will be fraught with change, Rodriguez said local leaders are not likely to move too  quickly. "We have a wait and see situation at the moment."