Published On: Mon, Oct 9th, 2017

Canada invests less than the U.S. in Mexico

Share This
Tags

Despite Canada and Mexico being partners under the North American Free Trade Agreement (NAFTA), Canada is the fourth foreign investor in Mexico, 667% below the cumulative investment of the United States in Mexican territory, reports “El Universal”.

“In the last 17 years, the total direct investment of Canada in Mexico was 27 billion 479 hundred million American Dollars, while the U.S. has an accumulated total of 213 billion 534 hundred million American dollars (almost ten times more),” according to the coordinator of the Trade, Economy and Business Analysis Laboratory of the National Autonomous University of Mexico (UNAM), Ignacio Martínez Cortés.

(El Universal)



While both, the United States and Canada, invest in the energy, automotive, aerospace and mining sectors in Mexico, 47.6%of the foreign direct investment (FDI) in mining of non-metallic and metallic minerals– specially silver and gold – comes from Canada, while 35.1% of the foreign capital for the energy sector is also Canadian.

In the last five years, Canada has also invested in the transport and construction sectors and in the mailing, financial and manufacturing services, according to the Foreign Investment Department of the Secretariat of Economy.

Canada invests more prominently in the states of Zacatecas, Chihuahua, Sinaloa, Mexico City, Guerrero, Querétaro, State of Mexico, Hidalgo and Durango.

Source: http://www.eluniversal.com.mx/

Comments

comments

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>