Mexico can be a great (investment) door for North America and South America," said the president of the Business Coordinating Council (CCE), Francisco Cervantes, in the framework of a meeting of the business council of the Pacific Alliance held in Mexico City.

Cervantes points out that the Mexican business leadership contributes 80% of the country's gross domestic product and that Mexico must continue to increase confidence so that investments "keep landing."

The president of the CCE maintained that, two years after the Covid-19 pandemic, which caused a drop of more than 8% in the Mexican economy, "we are turning this problem of crisis into a problem of opportunities."

Of interest: Speculative industrial construction is reactivated in Tijuana due to almost zero vacancy rates

He said that the main beneficiaries of the realignment of value chains in the world are the Mexican micro, small and medium-sized enterprises (MSMEs) that will be able to take advantage of this "nearshoring" (outsourcing) in order to grow. "For MSMEs it is very important (the rearrangement of value chains) because supply chains are being reformed," he said.

According to data from the Ministry of Economy, until the third quarter of 2022, Mexico captured a record of 32,147.4 million dollars of foreign direct investment, which

represented an increase of 29.5% compared to the same period in 2021, mainly driven by its main trading partners: the United States, Canada and Spain.

Medina Mora, the president of the Employers' Confederation of the Mexican Republic (Coparmex), expressed that it is necessary to establish a new country model, which seeks inclusive development, "not just for Mexico, but for Latin America.

Check here: Gross absorption growth of the Bajio exceeds the northern markets during 2022

Recently, not only has interest been expressed by companies in South or North America, but Mexican businessmen themselves have raised their hands to, in the same way, promote investment in the country.

This is the case of the Mexican Wind Energy Association, which indicated an opportunity and investment in wind infrastructure in the country for 15,000 million dollars in the coming years in order to decarbonize the Mexican economy. Likewise, the Confederation of Industrial Chambers (Concamin) assured the necessary investment to be able to install a lithium battery production industry that promotes the transition to electric vehicles by 2028, as the Mexican Government also intends, declared José Abugaber, president of said organization .

According to the Mexican Ministry of Economy, more than 400 US companies in Asia could move their plants to Mexico, driven by "nearshoring", while the Ministry of Foreign Affairs has planned the investment of more than 600 million dollars from companies from China and South Korea.

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Original note