Foreign direct investment to Mexico seen reaching $25 billion this year

Mexico (Notimex) – Foreign direct investment to Mexico this year will reach $25 billion, the country’s Economy Minister Ildefonso Guajardo (pictured above) said.

However, a considerable part of investment forecast for the year will depend on the deals Mexico carries out with the U.S. regarding both nations’ future trade ties.

Currently, both countries are under NAFTA rules, “but no doubt once NAFTA is upgraded and strengthened, we will send out signals of confidence and should be reaching out target investment,” he said.

Guajardo said that the average direct foreign investment figures for the current administration will be an average of $30 billion per year.

This year, the biggest attractors of investment were the opening of the telecommunications and energy sectors, he added.

For 2017, Mexico should continue to see investments from the automobile industry, including that of Ford’s $1.6 billion plant in the northern state of San Luis Potosí.

Photo: Notimex/Energy Ministry