By Adina Moloman
Sources: Maquila Portal, Financial Time;
The Mexico Manufacturing sector is improving faster than the Mexican economy overall. The growth expectations were high since the Mexican government was working on ambitious structural reforms. A two percent economic growth for this year is feasible, though the expectations where much more higher.
The opening of petroleum and natural gas industry in Mexico is arousing interest in international investors, including some from Taiwan and Netherlands.
As we must guess, the opening of the energy sector is considered positive in the eyes of foreign investors. Recently, foreign transnational companies from countries like Taiwan and the Netherlands are interested on investing in Mexico in projects related to sustainability and renewable energy sources.
According to the General Director of Taiwan Economic and Cultural Office in Mexico, there is a clear interest of Taiwan on areas such as renewable and green energies, as well as in the transportation sector and hydrocarbons exploration and exploitation. He recently pointed-out that Taiwan has one of the most important cargo fleets, in addition to building high tonnage ships, so they are willing to invest in oil transportation, as well as in containers design and also do the manufacturing in Mexico.
According to the Minister-Counselor of the Netherlands Embassy in Mexico, Dutch companies KLM, Unilever and Heineken are working on green solutions. Not to mention that Shell is very interested on working with Mexico and its energy companies on international projects, with the idea to create new investment opportunities and to promote an energy infrastructure based on shared best practices and smart technologies.
Mexico is one of the top recipients of FDI among emerging economies in the world. As for the origin of this FDI, the United States (US) and the European Union (EU) represent the most important sources of investment in Mexico. At an individual country level, Netherlands is the third investor in Mexico, while Taiwan is among the three Asian countries with the largest investment in Mexico, together with Korea and Japan.