| | | SURGE IN ASIA INVESTMENT IN MEXICO
When it comes to foreign direct investment in Mexico, more than half is now coming from outside the US. Asian companies, in particular, are setting up joint ventures, making acquisitions and building new facilities from scratch. Key areas include automotive, aerospace, general manufacturing and food processing, he pointed out.
“In Mexico, builders of industrial infrastructure – industrial parks, warehouses and manufacturing plants cannot keep up with demand. Nearshoring and ‘friend-shoring’ will not only positively impact Mexico but also other Latin American countries where we are seeing foreign investment and trade increase as well,” said Manzano.
In Latin America, Mexico stands to benefit the most from reshoring because of its proximity to the US, Martin Redrado, chairman of Fundacion Capital and former president of Argentina’s central bank, told delegates at the APLA Annual Meeting.
“The most activity is in industrial and corporate real estate where US and other companies are looking for premises to buy and establish themselves,” said Redrado.
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