FDI growth in Mexico will remain modest in 2019

• WHAT: A Mexican Government official predicts Foreign Direct Investment (FDI) will grow at a modest pace during the second half of 2019 due to uncertainty linked to the pending ratification of a regional trade deal in the US Congress (that would replace the current NAFTA).

• DATA: With a recorded total of USD $18.1 billion and a 1.5 growth rate in the first half of the year, the Ministry of the Economy says that FDI growth will be similar in the second half of 2019 but insists that its biggest potential is in e-mobility, aerospace and e-commerce.

• QUOTE: “The point that most (investors) ask us about is the ratification of USMCA…there would be nothing else that would reduce uncertainty further than the US ratifying it in October”, said Sergio Silva, head of Global Economic Intelligence Unit at the Ministry of Economy.

• WHO IS SILVA: Along with the Ministry’s undersecretary for international trade, Silva has been a key official of AMLO’s Government to communicate with investors and international organizations  including an appearance at the World Economic Forum (WEF)  in Davos in January.