Investment announcements such as those of Tesla, in Monterre and , make the López Obrador government think that this and next year there may be even more news of companies that want to operate in Mexico.

Foreign investors have given a vote of confidence to Mexico regarding its public and economic policies, considered Rogelio Ramírez de la O, head of the Ministry of Finance and Public Credit (SHCP).

During his participation in an event held by the Americas Society Council of the Americas, the head of the agency highlighted the flows of Foreign Direct Investment (FDI) that have arrived in the Aztec country in recent years.

“Mexico has established itself as one of the most important investment destinations in recent years. In 2023, it received US$36 billion in FDI (…) FDI has given Mexico its vote of confidence not only in government policy, but in the economic perspective,” said the Secretary of the Treasury.

He explained that the government policy of the administration of President Andrés Manuel López Obrador is focused on providing an economic sense with a positive perspective, which is not only for one sector, but for all. “FDI is responding to this,” he said.

He recalled that nearshoring , the relocation of companies, is a phenomenon to which Mexico has paid attention since 2021, when after the pandemic it saw the great opportunity it had to attract more investments.

In this sense, he said they were able to get ahead of other countries, so early signs of the benefits that this process is generating are being seen.

Investment announcements such as those of Tesla, in Monterre and , make the government think that this and next year there may be even more news from companies that want to operate in Mexico. This could lead to FDI flows exceeding what was observed in 2023.

REASONS FOR THE ATTRACTIVENESS OF MEXICO

The Treasury official highlighted in his speech the reasons why Mexico is becoming attractive to companies, such as:

- Network of commercial agreements

- Location and natural resources

- Young and qualified population

- Investment in infrastructure

- Low risk country

However, he recognized that these opportunities come accompanied by challenges that must be addressed by both the public sector and the private initiative. These challenges are increasing investment in infrastructure; workforce training; strengthen value chains; expand industrial zones; as well as providing greater security.

“We are going to provide all possible clarity so that the private sector can make its planning. “We are confident that thanks to the joint work of the government and the private initiative, our country will be able to meet these and other needs that nearshoring requires,” he said.