Published On: Fri, Jan 16th, 2015

Mexico FDI reached $30 billion USD between 2012 and 2014

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Foreign commerce in Mexico increased from 20 to 65 percent of the Gross Domestic Product in the last 25 years, Economy Secretary Ildefonso Guajardo Villarreal said on Thursday, January 15th, during the award ceremony for the 2014 National Quality Award, the secretary said that Mexico is becoming more important in international commerce as a result of public policy and private initiatives.

Through these initiatives, Mexico has become the main exporter world-wide of 33 manufactured products and 23 agricultural goods, as well as the premier exporter in Latin America, Guajardo Villarreal said at Los Pinos presidential residence.

This accomplishment was achieved thanks to the quality and innovation of Mexico’s productive processes, he said. For 25 years, the National Quality Award has recognized the most competitive, innovative and socially responsible companies in Mexico.

 Ildefonso Guajardo Villarreal

Ildefonso Guajardo Villarreal

The world recognizes the innovative capacity of Mexicans and their ability to adapt to the changing world in which we live, Guajardo said.

The proof of this is evident in direct foreign investment, which reached $30 billion between 2012 and 2014.

Biomédica de Referencia company general director Clara Corona Lau, National Quality Award prize laureate, said that in order to be considered for the prize, competitiveness and innovation are fundamental.

The common denominator that unifies winning companies is that their principle advantage is human capital, the prize laureate said. People involved in these businesses are ready to change their attitudes and habits in order to be innovative, she said.

President Enrique Peña Nieto led the award ceremony, joined by Education Secretary Emilio Chuayffet and Labor Secretary Alfonso Navarrete.

 

Source: www.thenews.com

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