The Secretary of Tourism Enrique de la Madrid claims Mexico offers unprecedented stability for investors.
“Our country offers reliability and stability, so investors see Mexico as one of the best destinations to invest and conduct business”. Those were the words of Secretary of Tourism, Enrique de la Madrid, during a speech at the “Princess Family Era 2016”in the city of Acapulco, Guerrero.
Princess Family Era 2016 Forum features an extensive programme of masterful conferences in an innovative format that allows participants to interact closely with spokespersons while providing important feedback, update and reflection.
During his presentation at the forum, de la Madrid claimed that Mexico -despite what the world may think about its volatile economy- is shedding off its reputation as financially unpredictable; it is now a macro economically stable country, with minimal inflation over the last years and currently on the process of financial restructuring. That makes it the go-to choice among investors worldwide.
This is a fact-checked statement by de la Madrid, whom during his speech highlighted a mayor accomplishment consisting of the creation of 2 million new jobs over the last 3 years, positioning Mexico 4 positions higher on the Global competitiveness Index 2015-2016 on the World Economic Forum, from the 61th to the 57th position. And another 4 on the list of Doing Business 2016 made by the World Bank (Banco Mundial) positioning Mexico on the 38th place out of 189 world economies. The Secretary claimed this was due to the efficiency of the financial market, innovation and the sophisticated way to do business.
5 months into 2016 and tourism has already grown by a 6%; this is counting the 14 million international tourists that arrived in a 6 months period, and the 8.38 billion dollars spent during their visit. It’s safe to say tourism is one of the driving forces in Mexico’s economy.
De la Madrid said this was possible due to investments made over the last 3 years, which consisted of no less than 110 billion dollars made by foreign investors; this is the equivalent of a 60% more than what was registered on the same period over the last administration. What does this mean for Mexico? The creation of more than 10 thousand new job positions with bigger paychecks and social security numbers.
USA investors should be the first ones to jump in, because as previously stated by experts, in order to create more jobs in the USA; investment is required in Mexico since a lot of manufacturing plants are moving their facilities here.
De la Madrid concluded by saying that tourism has a steady pace which has led the country to regain its role as a worldwide competitive force and is also one of the sectors with the most dynamic economy in the country.
more recommended stories
Mexico risks recession as second-quarter GDP may be revised down
According to Bloomberg.com, economists expect Mexico’s.
Trump says he is ‘very seriously’ looking to end birthright citizenship
Eight months after first raising the idea, President.
Business summit’ in Mérida to unravel the conflict created by AMLO´s government
MERIDA Yucatán. – The heads of.
Violence threatens Mexico’s Magic Towns
The charm of Magical Towns has.
More cases of measles in Mexico
CHETUMAL Quintana Roo – A 23-year-old.
Economists worldwide forecast a recession in the US
The US economy appears to go.
Arkansas family’s harrowing ordeal in Mexico after they hadn’t purchased travel insurance
News websites and social media have.
Merida English Library making progress on expansion project
The Merida English Library is making.
Mexican Cumbia Master Celso Piña dies at 66 in Monterrey
Celso Piña, the cumbia music legend.
18-year-old Alyssa Carson has been training to become the first human to walk on Mars
At just three years old, Alyssa Carson knew.