Spain could conquer Mexico again now with permission from AMLO

The Spanish Chamber of Commerce (Camescom) in Mexico He stated this Friday that “he sees sectors of opportunity and considers 2022 as a year of recovery” in the country.

“There are numerous opportunity sectors that during 2021 have aroused investment interest, such as the agri-food sector, high-tech sectors, such as fintech or cybersecurity, and health,” Camescom said in a statement.

The Chamber, which brings together nearly 6,500 companies in the country, organized the virtual event “Economic Perspectives 2022”, in which it was projected that the Economy of mexico it will grow close to 3% in 2022 and “that the GDP levels that were before the pandemic be reached by the year 2023”.

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Spain remains the second foreign investor in Mexico with $76 billion at the end of the third quarter of 2021, 12% of foreign direct investment (FDI), reported Álvaro Pastor, Economic and Commercial Counselor of the Embassy of Spain.

The Spanish diplomat indicated that in 2020 the global FDI received by Mexico fell by 19%, but that from Spain only decreased by 1%.

This demonstrates, once again, the commitment and dedication to permanence of Spanish investment in the country,” Camescom pointed out.

The event occurred after it was revealed this week that Mexico’s economy grew 4.8% in 2021, below the 6% expected by the Government, according to preliminary data from the National Institute of Statistics and Geography (Inegi).

Spain could conquer Mexico again now with permission from AMLO. Photo: Efe

President Andrés Manuel López Obrador, who has criticized Spanish companies for seeing the country “as a land of conquest,” asserted this Friday that “Mexico is one of the preferred countries for foreign investment.”

“Of course, we cannot close ourselves off. We have to receive foreign investment. Mexico is a territory of opportunities for investment,” he commented in his daily press conference.

In the Camescom talk, the official from the Embassy of Spain highlighted that in the first nine months of 2021, FDI in Mexico grew by 6%.

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And he indicated that the sectors that have contributed the most to growth in that period have been mining with 6% and manufacturing with 7%, a sector that “predictably will drive the economic recovery in 2022.”

“Camescom and the Economic and Commercial Office of Spain endorse their commitment and that of the partner companies to continue contributing to the development and growth of fundamental sectors for the Mexican economy and the promotion of reciprocal investment between Mexico and Spain,” the bulletin concluded. .

Spain could conquer Mexico again now with permission from AMLO. Photo: Efe

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