Real Opportunities on an Active Market
Mexico’s strategic location next to the world’s larg- est economy is the envy of most other countries. The economic performance during the past 15 years has been remarkable with the free trade agreements
with 44 countries including the U.S., Canada, the European Union,
and several Latin American countries to compete with the current
Mexico is the 14th largest economy of the world and the forecast
is that by 2020 it can be within the tenth largest economies of the
world. During 2012 Mexico had an important increase on its economy, a little bit higher than other important markets such as Brazil,
Russia, United States, and the Euro zone.
Globalization refers to the reduction and removal of important
barriers between national borders in order to facilitate the flow of
goods, capital, services, labor and definitely technology. Twenty
years ago, most Mexican companies were not global, they were
focused on the domestic market and cheap labor for many U.S. companies. Today we compete around the world with high-class products through our free trade agreements—more than any country in
the world—which, according to The Financial Times, is more than
twice as many as China and four times more than Brazil.
Top Four Mexican Income Generators Highlights:
• The Secretary of Energy reported the total sales of Pemex,
the Mexican Oil company, were $78.3 billions during 2012.
Representing an increase of 5. 7 percent compared with the
• Remittances sent home to Mexicans living abroad registered a
reduction of 1. 5 percent in 2012 compared to those recorded in
2011. Bank of Mexico said that remittances to Mexico totaled
$22.4 billions, compared with US$22.8 billions achieved
• Regarding Foreign Direct Investment, in 2012 Latin America
attracted record levels of foreign direct investment, having
grown for the third year in a row. Brazil received the most foreign direct investment, accounting for 41 percent of all regional
inflows, in an amount of $65.272 billion, according to the study.
Chile was the second largest recipient of foreign direct investment at $30.323 billion. In third position was Mexico with
$12,659 billion in foreign direct investment. A very low number
compared with the FDI that is coming this year.
By Gonzalo Gutierrez, SIOR