“I think it would be very difficult to reach these foreign investment figures if we did not have nearshoring, and above all the concern that exists about the pace of investment. When they tell you: ‘Mexico should be left out, it is because we are doing something right’ “said Ebrard in a meeting with the media.
The statements of the ministers of Ontario and Alberta show that Mexico is taking away part of the market, and the country’s trend is superior. “These statements will confirm that it is working, that something is happening in economic terms.”
The Undersecretary of Foreign Trade, Luis Rosendo Gutiérrez, added that in terms of foreign investment, Mexico is at record levels and that the appetite is visible, since in meetings held with investment funds in New York a few weeks ago, 80 % of the firms said: ‘I want to invest in Mexico… what is going to happen with energy, with water and with logistics?’. Everyone wanted to invest even when the discussion of reforms was being discussed.
China, with a greater presence in the US and Canada
On the other hand, Ebrard indicated that a baseless narrative is being built around China’s investments in Mexico. In fact, the figures show that the two countries that have complained about this, which are the United States and Canada, have a greater presence of the Asian giant.
According to data collected by the Ministry of Economy, FDI attracted to the United States from China reaches 269,066 million dollars between 2016 and 2023, while that of Canada is 124,639 million.
Figures higher than the 1,684 million dollars that Mexico has received from China.
So, the total FDI captured by North America from China, from 2016 to 2023, reaches 395,389.64 million dollars; 68.1% have been attracted by the United States, 31.5% by Canada and Mexico only 0.4%.
