Mexico displaced in FDI received

Monterrey, Mexico.- Mexico lost 10 positions among favorite countries for Foreign Direct Investment (FDI) in the last decade as a consequence of lack of industrial policies to take advantage of NAFTA, businessmen in the steel and iron industry from Mexico, United States and Canada warned. At a meeting organized by the North American Steel Trade Committee in Washington, the businessmen expressed their concern for the figures on investment and jobs lost, and they will therefore find joint measures to counteract the competition from Asian countries in the region. According to a report from the United Nations Conference on Trade And Development (UNCTAD) presented in the trilateral meeting, Mexico went from fourth in foreign investment received in 1994 to the current seventeenth position, displaced by countries such as Italy, Spain, India, Germany, Canada and France.