Sep 9
Investing in Mexico: Transparency PDF Print E-mail
Written by Administrator   
Monday, 16 November 2009 18:07
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Mexico offers important investment opportunities for American companies in a multiplicity of sectors. Therefore, we see fit to offer basic information about where it stands in the economic landscape in subjects such as transparency.

According to Promexico, the International Institute for National Development revealed that Mexico has increased its competitiveness by four points in the World Competiveness Scoreboard, moving from the 50th to the 46th position.  In 2007 it was named the 12th biggest economy and it is the 17th most important economy based solely on its provision of fuels. To date it is the third largest receiver of foreign investment among the developing nations.
 
However when people think about Mexico as a business destination, security concerns arise. Are they ill founded? When it comes to investing, how transparent is Mexico for business?

Given the direct link between transparency and high levels of investment, it is relevant to pay close attention to the World Bank’s analysis titled Doing Business, where 183 countries are examined based on 10 indicators including ease for doing business, time consumption, permits, employment, credit, taxes, contracts and border crossing.
 
The report rated Mexico as the 51st more transparent or easiest country to do business with, beating its South American counterpart Brasil (129), China (89) and India (133), all mayor investment partners with the US.
 
The report indicates that starting a business in Mexico takes a length of 13 days in average. In terms of protecting the investor, Mexico outperformed Latin American and Caribbean, as well as OECD countries and the work force remains a constant from last years results. Adding the strategic location of Mexico for communications and border crossing, it seems that investing in Mexico is a transparent and profitable strategy.

 


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