Manufacturing industry receives 50 percent increase in foreign direct investment

Reynosa, Tam., 16 June 2016.- The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) reported that in 2015 in Mexico, half of foreign direct investment (FDI) went to the manufacturing industry.

ECLAC published the document “Foreign Direct Investment in Latin America and the Caribbean 2016” where it disclosed details of the investments that countries made last year.

There, it became clear that although in Latin America and the Caribbean FDI decreased by 9.1%, in Mexico it increased compared to the previous year by 18% to more than 30 billion dollars.

As revealed in a press conference by Alicia Bárcena, Executive Secretary of ECLAC, in 2015, FDI in Mexico reached the highest level in the last seven years, and manufacturing proved to be the most benefited, particularly automotive areas and telecommunications.

The report published by ECLAC indicates that the United States was the country most invested in Mexico, about 52%, while second placed was Spain with 10% and Japan third with 5%.

The document states that “the manufacturing sector is the main destination for FDI inflows in Mexico, with 50 percent of the total. The most important segment is the automotive sector, responsible for 43 percent of manufacturing FDI.

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