The good news is that the country has improved its rating since 2020, the year it fell out of the top 25, when it registered 1.52 points. In 2021 it obtained 1.59 and this year 1.63, only three points below Ireland, which is 25th in the annual index prepared by Kearney.
From January to December last year, Mexico attracted more than 31.6 billion dollars of FDI, but it is far from taking advantage of its potential. According to Ricardo Heneine, it can reach 50,000 million dollars.
“We have come to occupy the third index, in the first years of this century: 2001 and 2002”, stressed the director.
In 2011, Heneine recalled, Mexico was left out of the top 25 “because structural reforms were not achieved. When the energy reform and all the structural reforms pass in 2013, we return to being attractive again. Right now that there is tension due to these factors, due to the issue of energy reform, we are out again”.
In this sense, the Secretary of the Economy, Tatiana Clouthier, received this week a letter from the United States Trade Representative, Katherine Tai, where she expressed her country’s concern about López Obrador’s electrical reform.
Tai pointed out that this measure puts risk investments for more than 10,000 million dollars mainly in renewable energy installations.
This Thursday the Supreme Court of Justice of the Nation (SCJN) will decide the future of the Electricity Industry Law (LIE), which seeks to give the Federal Electricity Commission a greater market share (54%) over the private sector.
The boost in manufacturing – a modern sector -, integrated into global supply chains, has kept Mexico’s attractiveness stable for the arrival of FDI, Heneine said.
Another point to consider is that Mexico’s share of exports to the United States, the world’s largest market, “are still below their potential” due to the growth of low-cost Asian countries, stressed the director of the consultancy .