SRE prepares investment attraction strategy

Queretaro, Qro. The Secretary of Foreign Relations (SRE) will undertake a strategy to attract investment in 2023, which includes visits to North American, European and Asian cities.

For this exercise, it is proposed to add various states of Mexico and the business sector, with the purpose of increasing the attraction of foreign investment in the years 2023, 2024 and following years, declared the Mexican Foreign Minister, Marcelo Ebrard Casaubon.

After touring in Queretarowhere he met with local businessmen and with Governor Mauricio Kuri González, the foreign minister declared that he plans to visit companies with the aim of attracting new investment or managing the expansion of companies that are already in the country.

“(It is) an effort for 2023, which consists of going to visit the companies that are sought to attract to Mexico or that are already there and that expand investments in the country,” he explained, after holding a meeting with members of the Private Initiative From queretaro.

Therefore, the tour will begin on February 20 in USA, will begin with a visit to Los Angeles; He added that meetings are planned with executives from Netflix, Google, Intel, Apple, the University of California, among other companies.

Similarly, he anticipated that they will visit both European and Asian countries, including China and South Korea. The Middle East will also be visited, in order to get closer to the largest investment funds in the world.

“In the Middle East for the largest sovereign wealth funds in the world. India, which is growing at 8.5% a year, we are very interested in the frontier technologies that are being produced in India”, she pointed out.

According to the foreign minister, this strategy has no precedent in the country, since it seeks to bring together local governments, the most important Mexican cities, and the private sector.

Japan, Australia, Indonesia (…) an expedition of this type has practically never been carried out, together with companies, state governments and increasingly important cities,” he explained.

In relation to the Summit of North American Leaders, which Mexico will host in January of next year, the Secretary of Foreign Relations added that for the first time state governments have been asked to set out their work agendas, with the in order to be included in the issues that will be addressed by the presidents of Canada, the United States and Mexico during the meeting.

For this reason, he added, he has held meetings with the governors, to learn about their topics; This being one of the reasons why he visited this Wednesday Queretaro; So far, 25 entities have been consulted.

Regarding the recruitment of Foreign Direct Investment, from January to September 2022, Mexico has captured 32,147.4 million dollars, an increase of 13% in relation to the 28,441.1 million dollars it received in the same period of 2021, exposes the Secretariat of Economy (SE).

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