5 questions about investment in Mexico

An interview with former Ambassador Jorge Guajardo

Published June 19, 2024

Mexico received more than US $36 billion in foreign direct investment (FDI) last year, but an even more eye-catching figure was the $110.74 billion in investment announcements made by private companies over the course of 2023.

Optimism that Mexico — already the world’s 11th largest FDI recipient — is set to reap major economic rewards from the nearshoring trend, including a significant increase in FDI, can be found in government statements, in newspaper headlines, in remarks from leading business figures and in comments from President-elect Claudia Sheinbaum.

However, there are concerns that Mexico runs the risk of missing its nearshoring opportunity, or at least not taking full advantage of it, for a variety of reasons, including insecurity, government policy and lack of infrastructure.

To get another viewpoint on Mexico’s current FDI situation, and its future opportunities, Mexico News Daily CEO Travis Bembenek and I spoke to Jorge Guajardo, Mexico’s longest serving ambassador to China (2007-13) and a former consul general in Austin, Texas.

Jorge is now a partner at DGA Group in Washington, D.C., where he provides strategic guidance to companies on risk, cyber security, market disruptions, and barriers to market entry in China and Latin America.

MND put five FDI-related questions to the former ambassador, a Monterrey native who keeps a close eye on political, economic and social developments in Mexico.

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