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15 January 2020

Mexfiles has argued for years (and was glad it was a goal fo the AMLO presidential campaign) that the country needed to expand its trade to countries other than the US. Via Mexican radio and a couple European blogs:

Uncertainly in Mexico-US trade relations has opened the door to more European Union investments.
According to the Ministry of Economy, as of the third quarter of 2019, 43% of all Foreign Direct Investmentin Mexico came from Europe, this is the highest level of the decade. On the contrary, US capitals accounted for 45%, down from 61 percent a decade ago.

 

Luis Calderón Guerra/Secretaría de Economía

Mexico is considered one of the 10 strategic EU partners in the world.
In 2017, the EU exported 38,000 million euros in goods to Mexico and 10,000 million euros in services, while Mexico exported 24,000 million euros in goods and 5,000 million euros in services to EU countries, according to official EU data .
The EU invested 13,250 million euros annually in Mexico in 2017, being its second largest investor behind the United States, while Mexico invested 4,755 million euros in the EU countries.
In addition, in Mexico there are 28,000 companies with European capital, which generate thousands of jobs.

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