French companies interested in Mexico

Mexico City.- The proximity to the United States and the fact that it is part of Latin America, the second most prosperous region in the world, together with inexpensive labor (compared to Europe’s) and a market of more than 110 million people, are among the main incentives for French companies willing to invest in Mexico. According to the Ministry of the Economy, between 1999 and 2011, around 1,358 French companies made Foreign Direct Investment (FDI) in Mexico, accruing US$524.4 million in such term, which represents 0.5% of total investment made by the European Union. The sectors that account for the largest French investment are manufacturing industry, trade and other services, according to data from the Foreign Investment Directorate of the Ministry of the Economy. Pierre Lellouche, French Minister of Economy, Finance and Industry, pointed-out that there is interest by French companies on investing in the aerospace, infrastructure and telecommunications sectors.