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Mexican migrants generate $338 billion annually in the U.S.: Andrés Manuel López Obrador

Mexican migrants generate $338 billion annually in the U.S.: Andrés Manuel López Obrador
A few months before the end of his term as President of Mexico, Andrés Manuel López Obrador said that Mexican migrants in the United States generate 338 billion dollars annually, and send 18.5 percent of their income in remittances; this year it will be 65 billion dollars; while the remaining 81.5 percent stays in the United States.(Credit: Secretary of Foreign Affairs of Mexico)

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A few months before the end of his term as president of Mexico, Andrés Manuel López Obrador said that the Mexican immigrant community in the United States generates 338 billion dollars annually, and sends 18.5 percent of their income in remittances; this year it will be 65 billion dollars; while the remaining 81.5 percent stays in the United States.

In this regard, the president said he was very grateful to fellow migrants in the U.S. for their solidarity and the support they give to their families by sending them resources and continuing to look after them, especially in the most difficult times, such as during the pandemic.

This was stated by President López Obrador when leading the tribute to 37.7 million Mexicans living in the United States as a sign of gratitude from the Mexican people and the federal government, since remittances are the country's main source of income.

He estimated that this year the amount will be 65 billion dollars for the benefit of more than 10 million families, while recalling that from January to June alone they have sent more than 31 billion dollars.

"The amount that migrants contribute to the United States is around 338 billion dollars, which is equivalent to the GDP of Colombia. And of that amount, 18.5 are remittances and 265 billion dollars remain in the United States. The fruits of the work of migrants in the United States and what they send to Mexico are very important," he said.

"They are unique, exemplary, not only for their financial support, not only for their material support, but because they do not forget their families, they do not forget their towns, they do not forget Mexico, their country. That is extraordinary. And I want to tell them that I am retiring, and that I leave them with many, many, many hugs, my affection, my love," he added.

He said that in all the places he visits, people are happy because the situation in the country has improved: there is employment, better salaries, as well as a reduction in poverty and inequality that has not been seen in years; above all, the people are very proud to be Mexican.

And classism, racism and discrimination are about to go to hell. And there are no complexes in Mexico and we can shout from the rooftops that there is no one like Mexico, that Mexico is a cultural power in the world. And there is very good news: in a short time we will have the best president in the world. That is a great pride.

As part of the morning press conference, the president led a regional music and dance show in honor of his fellow citizens in the Central Courtyard of the National Palace, performed by the Mexican Army and Air Force band, the mariachi and folkloric ensemble of the Ministry of National Defense (Sedena), and the ballet made up of women and men from the Army, Air Force, and National Guard, who presented 20 numbers of representative music from Mexico.

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Peninsula 360 Press
Peninsula 360 Presshttps://peninsula360press.com
Study of cross-cultural digital communication

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