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Mexico projects GDP growth of up to 2.5% over the next six years thanks to nearshoring

The Global Business Council (Ceeg) estimates that the phenomenon of investment relocation, known as "nearshoring", could boost Mexico's economic growth by between 1.5% and 2.5% per year. Foreign direct investment is expected to reach up to 50 billion dollars (mdd) annually, which would boost the country's development and generate between 2 and 4 million jobs by 2030.

Ceeg stresses that this opportunity has a six-year window, so it is crucial to take advantage of it to solve complex problems and promote multilateral investment and infrastructure efforts. Mexico is strategic for North America because of its access to the U.S. market, macroeconomic stability and free trade agreements.

In addition, a commitment to decarbonization and the pursuit of a sustainable transition to 2030 is also on the agenda, with proposals to be presented to the 2024 presidential candidates. With nearshoring as an ally, Mexico has a unique opportunity to boost its economy and strengthen its position in the region.

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