Fitch Ratings: FDI would total $80 billion for relocation of companies to Mexico

Wednesday, 26 July 2023 00:16:38 (GMT+3)   |   San Diego
       

Given the differences in international trade between the United States and China, the relocation of companies from Asia to Mexico could generate the arrival of $80 billion of Foreign Direct Investment (FDI) to Mexico, a figure calculated by the international credit risk evaluator Fitch Ratings, according to the Reforma newspaper.

The senior director of Fitch Ratings, Guillermo Vilchis, said in a press conference that $40 billion of FDI has already arrived in Mexico due to the relocation of companies and in the next three years another $40 billion could arrive if Mexico guarantees the supply. energy, security and infrastructure.

Data seen by SteelOrbis show that on an annual average in the 2019-2022 period, total FDI to Mexico is $32.6 billion, although new investments generated through FDI are $13.0 billion on average per year.


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