Automotive and aeronautic sectors, key in the Mexico-Tunisia business agreement

ProMexico subscribed a Memorandum of Understanding with the Agency of Foreign Investment Promotion for Tunisia (FIPA), which has the objective of improving Mexico’s positioning in this Country, informed ProMexico. The agreement will enable the establishment of institutional relations and it will trace a route map which was started back in 2016. The interest sectors are: automotive, aeronautic, agri-food and pharmaceutic. Likewise, a 2017-2018 work plan has already been developed, with concrete actions for these sectors. Up until now, the only African investment in Mexico’s automotive sector is from Tunisia (COFICAB Corporation), manufacturer of automotive cable with manufacturing plants in Durango and Guanajuato, with a total investment of US$70 million.