Mexico's Investment Climate Heats Up Mark Crawford - Area Development Online
go to original December 31, 2013

Investment in Mexico during 2013 (NewsOnlineToday)

Mexico has one of the hottest post-recession economies in the world, with a projected growth rate of 4 percent for 2013–2019 and a controlled inflation rate of 3.8 percent. According to the U.S. Department of State’s Bureau of Economic and Business Affairs, Mexico’s economic stability and strong trading relationships with the U.S. and Canada makes it attractive to global investors.

Mexico’s Finance and Public Credit Secretariat recently announced the country might set a record for foreign direct investment (FDI) in 2013. Mexico attracted $4.9 billion in FDI in the first three months of 2013, compared to the $12.7 billion it brought in for all of 2012 — a sign of strong investor confidence in the country.

Foreign direct investment remains strong across most economic sectors. Many of these projects are located in the northern states close to the U.S. border, where many maquiladoras are located. The majority of these new facilities or expansions are manufacturing operations, which can save up to 25 percent on operating costs compared to those in the United States.

As one of the top producers of automobiles in the world, Mexico continues to build an international reputation for transportation manufacturing. Major producers such as Nissan, General Motors, Audi, Ford, Honda, and BMW have all recently announced new manufacturing facilities or expansions in Mexico. Mexico is also working hard to gain market share in high-technology industries such as medical equipment, aerospace, electronics, and software development.

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