Foreign direct investment in Mexico fell by 34.9% in 2012

Mexico, 22 feb (EFE).-Mexico registered an income of 12.659 million dollars of foreign direct investment (FDI) in 2012, 34.9% less than the amount originally registered for 2011, said today the Ministry of the economy.

Reliance said that this fall, which occurred mainly in the category of "new investment", was mainly due to two factors.

One of them was the placement of titles of the Grupo Santander Mexicano in the fourth quarter of 2012 in the Mexico and New York stock exchanges for 4,106 million dollars, which did not go out of the country, but ceased to be classified as FDI, and went on to register as portfolio investment.

"This operation strengthened the banking institution Mexican and, at the same time, it showed the great attraction of Mexico as a destination for investment," said the Ministry of economy.

The second factor was the fall of the global FDI flows by 18% because of "the international macroeconomic weakness and the uncertainty of investors.

"UNCTAD projects a drastic fall in industrialized countries to levels not seen for ten years, as well as reductions, although more moderate, in emerging economies", said.

According to the International Agency estimates United States register a fall of FDI in a 35.3%, the EU 34.8, the BRICs (Brazil, Russia, India and China) 6.8% and the so-called MIST (Mexico, Indonesia, Korea in the South and Turkey) without Mexico, 10.4%.

The Ministry of economy said that you despite the drop in registration of FDI, "Mexico shows great solidity and dynamism in almost all cutting structural variables".

Dependence recalled that Mexico's GDP grew 3.9% the year passed, also said the positive figures on job creation, international reserves, inflation, manufactures and exports, which "makes us a very attractive country for FDI".

Economy, however, clarified that structural reforms are required to attract investment and promote growth.

The secretariat pointed out that the registration of investments were made by 4.268 million enterprises with foreign capital.

41.7% Of FDI corresponds to accounts between companies, 35.2% to the reinvestment of profits, a 23.1% to new investments.

By the destination of the resources, 55.7% was invested in manufacturing, 20% in trade, 12.9% in construction, 7.9% in temporary accommodation services and the remaining 3.5% in various economic sectors.

By their origin, 58.5% came from United States, 13.1% of Japan, 8.2% of Canada, 5.9 per cent from Germany, Netherlands 5.7%, and the remaining 8.6% came from 75 countries.

The Ministry of economy said that these data, preliminary in nature, are subject to further updates and reflect the information that investors have the authorities.

During 2012, Mexico recorded an FDI of 19.439,8 billion dollars, while in 2011 the figure amounted to 20.823,3 million dollars.

From January 2000 to March 2012 cumulative FDI stood at 279.314 million dollars.