The director of Business France in Mexico, Marc-Antoine Lopez, said that at a commercial level, Mexico is seen as “the platform of Latin America”, first with the USMCA in the northern part, and with the Pacific Alliance and the free trade agreements between Chile, Peru, Colombia and Panama and the Treaty with the European Union.
Mexico has become the “plan b” of French companies as a source of supply and an option to do business, after the problems of lack of supply and the commercial crisis that China caused after the Covid-19 pandemic, said Marc-Antoine Lopez, director of Business France in Mexico.
“Many companies already realize that Mexico can be a solution, a plan b, to this problem that many French companies with China encountered with the crisis, that is a very favorable point for Mexico, the desire to extend, to know other sources of use by companies ”, highlighted the French representative in Mexico.
He said that the experience left by the Covid-19 crisis to the French is that “you couldn’t put your eggs in the same basket, which means that many French companies realized that we are linked by the Chinese market, the source of merchandise, source of supply that China could do, (but) today it was a problem ”.
In a virtual press conference within the framework of the announcement of the Annual Meeting of Industrialists to be held by Concamin and in which France will be present to continue with the innovation work, the director of Business France said that at a commercial level, Mexico is seen as “the platform of Latin America”, first with the USMCA on the north side, and with the Pacific Alliance and the free trade agreements between Chile, Peru, Colombia and Panama and the Treaty with the European Union.
Among the projects in which France will work in Mexico is cooperation to combat sargassum on the beaches of Quintana Roo. “France has experience in this matter and there are agreements that will be signed soon for cooperation between French and Mexican companies to combat this problem,” said Marc-Antoine Lopez.
Another of the French investments at the door is in sustainable tourism since they are projects with some famous French regions for the development of the tourism economy.
The amount of Foreign Direct Investment ( FDI ) from France to Mexico amounts to 10 billion dollars, while for the first half of 2019, the flow of direct investments from France is close to 600 million dollars.