Francisco Cervantes Díaz, president of the Business Coordinating Council (CCE), stated that Mexico is experiencing its best commercial moment in the last 25 years, and is already in the top ten of the largest exporters and attracting foreign investment.
“Thanks to the expectation of nearshoring, Mexico is experiencing one of its best commercial moments in the last 25 years,” said the businessman during the Annual General Assembly of the Mexican Business Council for Foreign Trade, Investment and Technology (Comce).
The business leader said that Mexico is once again among the top 10 exporting countries in the world, “and we are also the main commercial partner of the United States.”
“Our exports presented very favorable figures in the first quarter of this year of the order of 144,000 million dollars,” he commented.
In the first quarter of 2024, the Mexican economy received 20,313 million dollars of foreign investment, being the highest for a first quarter of the year since records have been kept, he said.
“Our outlook can be better in both areas if we take proper advantage of nearshoring, with foreign trade levels up to 4 times greater than at present by the end of the decade, and foreign investment equivalent to more than 75,000 million dollars for that period,” he commented.
“In this scenario, Comce will continue to play a very relevant role in guiding the efforts of Mexican businessmen, and at the same time, to have analyses that allow us to promote changes and practices that guarantee the success of our exports, our alliances and our investments,” he added.
“Thanks to Comce, we have learned to identify the external factors that affect the competitiveness of our products,” he said.
Francisco Cervantes Díaz pointed out that “they will identify the challenges we have before us to continue being attractive for foreign investment, such as water, energy, infrastructure and the legal framework.”
“Likewise, we will be attentive to what COMCE envisions in terms of new technologies, as well as the areas of opportunity in the USMCA in view of its review in 2026,” he said.
Source: forbes
