Foreign Direct Investment (FDI)
Mexico has received $127 billion USD in Foreign Direct Investment so far during this administration; 50% more than in the same period in the previous government.
FDI in the near future
- $41 billion USD will be invested in the Gulf of Mexico, thanks to the assignment of additional contracts for deepwater oil exploration and extraction.
- As a result, 11 international companies will operate for the first time in Mexico and contribute to the creation of 92,000 new direct jobs and over 250,000 indirect jobs.
- Walmart announced an investment of $1.3 billion USD in its logistics network in Mexico over the next three years (December 7).
“We are growing in terms of the confidence we are projecting to the world. We're attracting more investments in a world of great uncertainty and high risk aversion”: EPN
Today Mexico is the top exporter of medium and high technology manufacturing goods in Latin America, and the third largest exporter in the G20 countries.
"Mexico will continue to pursue free trade, on the basis of two strategies:
- FIRST: Expand into new markets and consolidate those where we already have a presence.
In the south, economic integration with Latin America has been deepened through the Pacific Alliance; which has allowed the liberalization of 92% of the products between Chile, Colombia, Peru and Mexico.
It will seek rapprochement with Brazil and Argentina to extend the tariff preferences Mexico already has in those markets.
In the east, it is improving the access of Mexican products, especially agrifood, to the European market.
To the West, Mexico’s integration into the world must contemplate the Asia-Pacific region, because in the next five years (2017-2021), their economies will grow an average of 4.8% more than other economies such as those in the European Union (1.7%).
- SECOND. Continue to promote the competitiveness of North America.
During the first four years of this administration, the High Level Economic Dialogue with the United States was established, with the aim of reducing transaction costs.
Mexico is the world’s 12th largest food producer:
- It is also the world’s top avocado producer and beer exporter and ranks fifth in egg production.
- Mexico exported 400 liters of tequila a minute and is the world’s top beer exporter.
- It ranks fifth in world egg production, with 120 million eggs a day.
- New markets have been opened up for domestic products, such as countries in the Arabian Peninsula and China.
"Our country will earn more foreign currency from the sale of agrifood products than it does from oil, tourism, and the remittances sent by those with relatives abroad, which total a significant amount”. EPN
- One of the main objectives of the government is to promote tourism as a priority sector for national development.
- Tourism currently generates 8.5% of GDP; its contribution exceeds that of sectors such as construction (7.1%) and mining (6.8%).
- It is estimated that the tourism industry generates in the order of nine million jobs directly and indirectly.
- 88% of tourism earnings are provided by domestic tourism. Domestic tourists are the mainstay of this industry.
“We are among the 10 top destinations in the world that receive most tourists annually, but we can and will further consolidate the great strength we have as a country.” EPN
Priorities for 2017
1. 1. Maintain macroeconomic stability in a global environment of low growth and uncertainty.
2. Continue with the implementation of structural reforms. 2. Since many of the benefits of reforms will be felt in the following administrations, they require continuity and perseverance.
3. Ensure the rule of law. 3. Improve public security conditions, strengthen local capacities and the subsidiary support of the Federation.
4. 4. Promote regional development, implement infrastructure projects and promote Special Economic Zones.