*Mexico’s business council of foreign trade, investment and technology (Comce), a private sector association, has forecast that Mexico will register yearly growth of 3% in goods exports and 8% in the attraction of foreign direct investment (FDI) this year. According to Comce’s calculations, Mexico’s exports could total a record US$610bn in 2024 and the country could attract over US$39bn in FDI this year, up from some US$36bn in 2023. “We are witnessing a historic moment for Mexico in the international trade and investment arena, thanks to nearshoring,” said Sergio Contreras, executive vice president of Comce in a press release widely cited in the local press. “Mexico’s rise in these global indicators is a clear sign of the country’s importance as an export power and as a global FDI destination.”
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LatinNews Daily - 05 July 2024
In brief: Mexican private sector hails FDI, international trade
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