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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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