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Mexico City.
The Canadian companies in Mexico state that they fully trust to continue with their investmentsSince they consider that the new Federal Government will respect the concessions that were previously held, there are even plans to expand its operations within the country.
Chief Economist Peter Hall said that some existing companies such as Denmark, Martinrea or Magna, are going to keep their administrations intact, as they have demonstrated great respect for the investments they have made, in addition to being fully involved with the Association of Autoparteros de Canada.
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How do Canadian business investments benefit the Mexican economy?
Mexico's economy is highly dependent on investment from foreign companies, if any of them decided to back down and leave the country, the negative impact would be difficult to contain. According to the latest numbers given by ProMéxico, a total of 9.4 billion dollars are currently insured for the first quarter of this year.
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If negative policies are present, you would run the risk of losing such a sum. Another important impact is that of financial markets and investors, which tend to fill up concerns about the news, adding constant tension on investors at the global level. global.
What about the energy sector?
For his part, the Canadian specialist also commented that despite his current investments, he wants to make some new ones in the future within the energy sector, an industry that has been regulated within the country to avoid the loss of resources, on the contrary, it keeps them politically insured and protected.
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He himself made sure to do a fairly rigorous exploration of the existing oil and gas in Mexican territory, it took several years to be able to achieve the best results. Although many believe that regulation is synonymous with problems in the country, the truth is that this represents the enormous potential it has, at the same time that it generates expectations.
He also recalled that after the elections there was a lot of uncertainty regarding the new government and the measures that he may have taken.
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Information source: eleconomista.com.mx
