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ECONOMIC BRIEFINGS
Information provided by the Mexico Trade Commission-ProMexico’s New York Office.


Investment in the most important ports
In 2007 public and private investment in the 15 most important ports in Mexico reached US$7 billion, which were used to expand infrastructure and improve services, according to the General Coordination of Ports and Merchant Navy, Coordinación General de Puertos y Marina Mercante.

“In the port of Ensenada, in Baja California, the Maritime Traffic Control Center will help expedite ships’ arrivals and departures. Similarly, in Guaymas, Sonora, the first and second stages of dredging and filling in the Bay were completed to expand the dock and build a navigation channel”, the Coordination informed.

“Also, $252 million (Mexican pesos) were invested in Puerto Vallarta, Jalisco, for the construction of two new marginal docks, tripling the arrival of last generation cruise ships”, added the General Coordination of Ports and Merchant Navy.

In the Port of Manzanillo, Colima the first stage of a 76 hectares trailers yard was inaugurated.

In the Port of Lazaro Cardenas, Michoacan, the first stage of the Containers Specialized Terminal 1 was completed.

Source: Mural


Mexico is leader in technology exports to the USA
In the first 10 months of the year, Mexican exports to the USA of Advanced Technology Products went up 25.1%, placing Mexico as the most dynamic country in this sector, above China and Canada, according to the US Census Bureau.

The dynamism of Mexican exports of ATP (Advanced Technology Products, a classification used in the USA for certain technological products) to the United States exceeds sales from China or Canada, which grew at an annual rate of 21.3% and 23% , respectively.

ATPs are classified in Biotechnology, Life Science, Optoelectric, Information and Communications, Electronics, Flexible Manufacturing, Advanced Materials, Aerospace Products, Nuclear Weapons and Technology.

The presence of advanced technology of Mexican origin increased its share in the US market, going from 10.5% the previous year to 11.7% this year.

The sale of ATPs increased to US$269.395 billion, of which 55% corresponded to Information and Communications products and 10.5% to Aerospace Industry.

Among Mexican exports, the sale of aerospace products was the most dynamic item, growing at a 75.7% annual rate, including helicopters, airplanes and space crafts, airplane engines, turbojets, flight simulators and automatic pilots.

Source: Reforma


Net FDI received up 26%
In 2007 Mexico ranked second among 20 Latin American economies in terms of the net Foreign Direct Investment received, which accounted for US$16.9 billion, 26% above last year, according to data from the Economic Commission for Latin America and the Caribbean (ECLAC).

The higher amount of total FDI received, combined with a drop in direct investment abroad, brought an increase in Mexico’s net productive investment flow (after being stagnated in 2006), something that happened throughout the Region.

Net FDI is the result of direct investment received in economies minus investment by residents made abroad, including profit reinvestment.

Source: Reforma


2007 was positive for Aeronautics Industry
In 2007 the Mexican Aeronautics Industry experienced significant growth, as a result of the confidence foreign investors have in the country, assured Miguel Angel Alvarez Montalvo.

Mr. Alvarez Montalvo, Dean of the Mechanic and Electric Engineering School, Escuela Superior de Ingeniería Mecánica y Eléctrica (ESIME), in the Mexican Institute of Technology, Instituto Politécnico Nacional (IPN), said that proof of this is the fact that there are already 160 companies devoted to aeronautic manufacturing, maintenance and design in Mexico, which require specially qualified personnel.

He added in an interview that according to information provided by the Ministry of the Economy, aeronautics industry has 17 thousand employees in 11 states, most of them in the northern border, qualified in high and medium-high aeronautics technology.

Source: Diario Juarez
 

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