They present Invest in Mexico, a digital platform to attract foreign investment
By Elenne Castro
December 18, 2021
With the aim of providing investors with executive content and strategic statistical information, specialized advice and links with institutions responsible for the necessary procedures for investment, the Ministry of Economy presented its digital platform Invest in Mexico.
This project is also intended to serve as direct contact with the agencies responsible for promoting and attracting investment in each of the country's regions.
Monica Duhem, head of the Global Economic Intelligence Unit, was in charge of presenting the operation of the website and commented that Invest in Mexico is a living project that will be constantly fed and verified by federal government agencies, to corroborate that the information given is clear and updated.
Likewise, he cordially invited the private sector to send their feedback and comments regarding the digital platform, which will be facilitating the attraction of investments in the country.
"The Global Economic Intelligence Unit will continue working to improve the platform and ensure that it is truly a tool used by investors and public servants," he said.
INVEST IN MEXICO PLATFORM
The digital platform has four segments: Choose Mexico, Investing Procedures, FDI Statistics and Contact Us.
In Choose Mexico , detailed information is offered on the reasons for investing in the country, presenting the advantages of the strategic location, the privileged access to international markets, the reasons why Mexico is a recipient country of foreign investment, its power in the export industry, competitive human capital, macroeconomic stability, business environment, strategic projects in the South-Southeast, the potential of supply chains.
In addition, in that same section you can download all the information in English and Spanish.
In Investing Procedures , there is quick access to the processes, investors can consult the legal regime of the economic activity, the industries present in the country, as well as the presentation of a step-by-step guide on how to invest in Mexico providing a National catalog of regulations, procedures and services such as migration, ways to establish a company, the acquisition of real estate, social security, brands and inventions, construction and consultations on foreign investment.
“In this section, 14 procedures can be developed so that investors are ready to operate a company in Mexico, each procedure is described in the portal, as well as the contacts. The tool does not replace the agency that owns the procedure, but rather facilitates the procedure ", he assured.
In FDI Statistics , users can know the flow of foreign investment in Mexico, since it allows generating tables to see the behavior of FDI throughout the year, type of investment, origin of foreign resources, geographic destination in Mexico, economic activity Furthermore, each query can be customized, and the result can be downloaded later.
In Consultation , investors have the possibility to send their questions or doubts, which is an essential tool as a sale between the user and the departments that are within the project, in order to facilitate requests for information.
IMPORTANCE OF FOREIGN DIRECT INVESTMENT
In addition, this launch was led by Tatiana Clouthier, head of the Ministry of Economy , said that Invest in Mexico arose at the request of private industry to facilitate the processes of direct foreign investment, and therefore, the project was designed to help and advise investors in the analysis, planning, establishment and expansion stages of their activities in the country .
He thanked the more than 25 Federal Government institutions for providing the information required for the project, as well as the National Commission for Regulatory Improvement (Conamer) and the United Nations Conference on Trade and Development (UNCTAD) for accompanying them in the work process.
He assured that direct foreign investment fosters the generation of employment, knowledge, technology and opportunities for society to live better, contributing to the promotion of attraction, retention and diversification, creating a favorable environment for companies.
It should be noted that in the first quarter of 2021 an amount of 11,864 million dollars of FDI was reached and from January to September 24,831.7 million dollars were captured , a figure 5.7% higher than the preliminary amount reported for the 2020 period, which was 23,482.3 million dollars.
For her part, Luz María de la Mora, Undersecretary of Foreign Trade, explained that Mexico has many development poles and therefore, the SE is committed to continuous diversification through the development of this digital platform and strategic tools that help to achieve the objectives.
“The promotion of investment is an essential task to be able to advance in what refers to the economic reactivation plan and the facilitation of investments for productive development. Mexico continues to be an attractive place for investment, companies continue to arrive and develop ”, he commented.
In the country, more than 62,200 companies have foreign direct investment, which favor growth, the creation of formal jobs, production chains and the development of the industry, for which they seek to reduce information asymmetries and seek to offer a tool so that from anywhere in the world, the country can be promoted.
"With this platform, we seek is that investors access executive content on the advantages offered by the country, strategic statistical information for decision-making on foreign investment, specialized advice and links with the institutions responsible for carrying out the formalities".
MEXICO IS ONE OF THE BEST DESTINATIONS TO INVEST IN LATIN AMERICA
Being an export power and one of the 10 main recipients of foreign direct investment, the Ministry of Economy presented the 10 reasons to invest in the country:
- We offer preferential access for exports . With the network of 14 free trade agreements that provide preferential access to 50 countries. Which represents more than 1,300 million potential consumers and 60% of world GDP.
- Guarantees legal certainty for investments . Mexico has signed 30 APPRIS with 31 countries, which provide legal protection to investors.
- Strategic location . Consolidated as the first commercial partner of the United States and being part of the most important free trade zone in the world in North America, thanks to the T-MEC. From 2019 to 2020, through ports, highways and customs, they circulated 1.6 million dollars every minute to the rest of the world.
- Predominantly open economy . Mexico's foreign trade is an engine of economic growth that in 2020, represented 75% of GDP. In that same year, Mexico entered the top 10 IE recipient countries.
- Competent and specialized labor market . Along with Germany, Sweden, Portugal and Finland, it is among the 10 countries with the highest number of young male and female engineers. It collaborates with the private sector in dual education models for the specialization of the Mexican workforce.
- Macroeconomic stability . The World Bank recognizes Mexico as a country with great economic potential, which in recent decades has achieved macroeconomic stability with low levels of inflation.
- In the last 22 years, 65,500 companies have invested in Mexico . The accumulated investment that the country has attracted since 1999 amounts to more than 625.1 billion dollars. What turns out to be an ideal ally for innovative projects. In 2021, Mexican startups have raised nearly $ 3 billion.
- The south-southeast can be a great ally for an investment project . The federal government develops strategic projects in the south-southeast region of Mexico to boost its participation in international trade and investment flows. The Integral Program of the Isthmus of Tehuantepec and the Mayan Train are examples of projects that will connect this region with the outside world. We work to facilitate a development corridor for the establishment of companies in Veracruz, Oaxaca, Campeche, Tabasco, Yucatán, Chiapas and Quintana Roo.
- Mexico's trade is integrated into global value chains . The main exports provide key inputs to supply chains in the automotive, aerospace, pharmaceutical and critical minerals sectors.
- More than a million foreigners have made Mexico their home. Mexico is among the 10 most visited countries in the world and receives more than 30 million foreign tourists a year.
MORE INFORMATION
Invest in Mexico