News: Investors eye thriving Mexico

Tue, 06 Nov 07

Low property prices, close proximity to the US, high tourist figures and potentially high yields all equate to excellent property investment conditions in Mexico...

With a GDP of US$8,500 per capita, Mexico is one of the world’s most thriving economies and as reported by Goldman Sachs, Mexico is predicted to become the fifth largest economy by 2040. In terms of tourism, Mexico’s beaches on the Pacific Ocean and the Caribbean Sea attract over 22 million tourists each year.

The country has 27 UNESCO World Heritage Sites including Chichen Itza, which has recently been named as one of the Seven Wonders of the World. The biodiversity of Mexico, with over 200,000 different species also attracts nature and ecotourism, as well as possessing a strong culture derived from the Mayas, Aztecs, Toltecs and Olmecs that date back almost 3,000 years.

Transparency and certainty

Mexico’s export trade is also expanding, enticing foreign companies to relocate, due to its strategic location to Asia, Europe and the Americas, and the country’s free trade agreements, all of which amounts to 1 billion customers or 75% of the world’s GDP. Mexico has already seen 165 Taiwanese companies setting up operations in the country, adding to employment and boosting consumer spending.

Director General of Mexican Trade Services Edmundo Arceo comments ‘There are well-established laws and regulations, including property rights and investment laws that offer transparency and certainty.’

In order to continue promoting Mexico as an advantage point for foreign investment, the Mexican government has released investment news of a strategy called ProMexico, a dedicated government institution with the mission to increase exports to attract foreign investments, and to coordinate strategies aimed at promoting Mexico abroad.

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