In 2018 foreign investment in Mexico reached US$32 billion

In 2018 foreign investment in Mexico reached US$32 billion

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During 2018 the foreign direct investment (FDI) that Mexico received was around US$32,000 million, which leaves the country outside the list of the top ten countries that receive the biggest flows worldwide, according to a report of the United Nations Conference on Trade and Development (UNCTAD).

The UNCTAD pointed that the amount of investment estimated for the Mexican economy remained above what was registered in 2017, when it was US$29,695 million, since foreign investors were reassured after the agreement for the renewal of the free trade agreement between Mexico, the United States and Canada, now called USMCA.

The monitor global investment trends report indicates that during the past year global FDI dropped 19% to US$1.2 billion, due to tax reforms promoted by U.S. President Donald Trump.

This is the lowest global investment figure since the international financial crisis in 2009, as a result of U.S. firms repatriating $300 billion or more in accumulated profits, in order to take advantage of tax breaks offered by Trump's government.

The UNCTAD document indicates that Hong Kong, Singapore, Spain, the Netherlands, Australia, Brazil and India are on the list of the top 10 most attractive economies for foreign investment.