Int’l investors eye Mexico
THE NEWS
International investors are eager to participate in different investment opportunities in Guanajuato, Querétaro, Aguascalientes, Nuevo León and Chihuahua, said Federal Economy Secretary Ildefonso Guajardo Villareal on Tuesday.
During a working meeting in Washington D.C., Guajardo Villarreal said that investors have shown great interest in the aforementioned states and recent violent events have not had a negative impact on their expectations.
He said that in the first 18 months of President Enrique Peña Nieto’s administration, new factories, mainly in the automotive sector, have been announced or inaugurated with a total investment of $10 billion. Such investments have the potential to generate 42,000 jobs within a period of 4 to 6 years.
The recently approved reforms, especially the energy reform, had been on the drawing board for 20 years but political consensus was never achieved, he said.
Regarding the public’s perception of the energy reform, the economy secretary said that once Mexicans begin reaping its benefits, support for the reform will soar. One of the reform’s future benefits include lower natural gas prices.
Guajardo Villareal also held a meeting with United States Trade Representative Michael Froman to discuss the upcoming Trans-Pacific Partnership meeting in Mexico and the price of Mexican sugar in the U.S. market.
Guajardo Villarreal said that Mexico and the United States will reach an agreement over the sugar litigation. He also denied rumors of a looming trade war between the two countries.
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