In a context where foreign investment is increasingly growing in Mexico, Jesús Herrera Casso, president of the Northeast Mexican Business Council for Foreign Trade, Investment, and Technology (Comce), highlighted the importance of strengthening the country’s logistics chain so that relocation can turn Mexico into a more competitive economy.
In a statement, the organization announced that during the 2024 International Foreign Trade Forum, Susana Duque Roquero, general director of Comce Nacional, emphasized her proposals to increase Mexico’s attractiveness as an investment destination for the period 2024-2030.
“Foreign direct investment is not just a number in a statistic; it is a driver that fuels the growth, innovation, and competitiveness of our economy,” she said.
In this regard, Duque Roquero pointed out that an integral strategy needs to be created as a country to attract investment to Mexico, as there is an exceptional context to capitalize on nearshoring and define the types of investments the country wishes to attract.
Furthermore, the Comce representative stressed the need to create an investment intelligence area at the Federal Government level to attract investment projects that allow for the creation of value, technological advancement, and sustainability in the country.
Additionally, more research and development projects should be attracted, as the goal is for Mexico to transition from being a manufacturing country to an innovation-generating country.
Lastly, it is essential to ensure access to sufficient, competitive, and clean energy for companies, as well as guarantee legal certainty and uphold the rule of law to build investor confidence, providing stability for long-term operational planning.
It is worth noting that the Ministry of Economy recently announced that foreign direct investment continues to break records, totaling $20.313 billion in the first quarter of this year, an amount 9% higher than in the same period in 2023.
Moreover, the panelists, including Emilio Cadena, president of Grupo Prodensa, and Sergio Argüelles, general director of Finsa, announced that Mexico is the ninth largest exporting power worldwide and, after four years, is once again featured in the Foreign Direct Investment Confidence Index, ranking sixth among emerging markets, conducted by the firm Kearney.
Comment and follow us on X: @GrupoT21
