Despite security concerns in some states of Mexico, there is a growing interest from companies in China and Korea to establish operations in the country. Eduardo García Lecuona, general director of Intercam, believes that Mexicans have adapted to the current levels of inflation and predicts a strong economy due to factors such as historic levels of remittances, tourism growth, and a strong peso. However, he notes that the next government may face challenges in obtaining resources as fiscal space is limited.
García Lecuona also highlights the phenomenon of new investments in states like Querétaro, Aguascalientes, San Luis Potosí, and León. He mentions that there are significant numbers of Chinese and Korean companies looking to establish operations in Mexico, contributing to full employment and economic growth in these regions. While some states are experiencing saturation in terms of industrial spaces, García Lecuona suggests that this could create opportunities for other regions to attract investment through incentives and infrastructure development.
Looking ahead, García Lecuona emphasizes the importance of addressing security issues to create a more favorable environment for investment. Despite these concerns, foreign businesses continue to operate in Mexico citing the benefits of investing in the country. Overall, the nearshoring trend in Mexico is driving economic growth and attracting foreign companies to establish operations in the country.
