In a context where foreign investment is increasingly growing in Mexico, Jesús Herrera Casso, president of the Mexican Business Council for Foreign Trade, Investment, and Technology (COMCE) Northeast, emphasized the importance of strengthening the country’s logistics chain to make Mexico a more competitive economy through relocation.
The organization announced in a statement that during the 2024 International Foreign Trade Forum, Susana Duque Roquero, general director of the National COMCE, outlined proposals to enhance Mexico’s attractiveness as an investment destination for the 2024-2030 period.
- “FDI is not just a number in a statistic; it’s an engine driving the growth, innovation, and competitiveness of our economy,” she said.
Duque Roquero pointed out the need for a comprehensive strategy as a country to attract investment to Mexico, as there is an exceptional context for capitalizing on nearshoring and defining the types of investments the country wishes to attract.
Moreover, the COMCE representative highlighted the necessity of establishing an investment intelligence area at the federal government level to attract investment projects that promote value creation, technological advancement, and sustainability in the country.
Furthermore, there is a need to attract more research and development projects, aiming for Mexico to transition from being a manufacturing hub to an innovation generator.
Lastly, ensuring access to sufficient, competitive, and clean energy for companies, as well as guaranteeing legal certainty and upholding the rule of law to generate investor confidence, providing stability for long-term operational planning, is essential.
It’s 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 that recorded in the same period in 2023.
Additionally, panelists, including Emilio Cadena, president of Grupo Prodensa, and Sergio Argüelles, CEO of Finsa, revealed that Mexico is the ninth-largest exporting power globally and, after four years, the country is once again included in the Foreign Investment Confidence Index, ranking sixth among emerging markets, conducted by Kearny.
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