Trump doesn’s stop the spanish investment in Mexico

5,800 Spanish companies are present and represent almost 15% of foreign investment in the Central American country

Donald Trump’s arrival to the White House is accompanied by uncertainty, especially for its closest neighbors. Mexico, protagonist of the current world news by the promise of Trump to construct a wall on the border, looks to the north with concern. This seems not to affect the Spanish business community, which keeps its investment in the Central American country and remains the second most allocates financial resources (13.2%) after the US (35.7%) Foreign Direct Investment in Mexico. There are 5,800 Spanish companies operating on Mexican soil.

However, Spanish companies are looking expectantly at the uncertain future of a territory where they are currently gaining significant benefits and many ties are binding, but strongly influenced by decisions taken from Washington.

Jorge Mariné, economic and commercial adviser of Spain in Mexico, has declared to the Efe agency regarding this subject that “there is a climate of uncertainty mainly because of the heterodox that is provoking the political behavior”. Marine states that neither the Spanish investment nor the bilateral trade investment “have suffered”. Finally, he recalled that Spain interest is to continue having a “strong relation” between the two countries, because the best for the country we invest, is the best for us”.

Between January and November last year the exports to Mexico from Spain exceeded 3,750 million euros, which represents a decrease of 4% compared to the same period from 2015. At the same time, imports accounted for more than 3,000 million euros, which translates into almost 10% less. That is, Spain obtains a positive balance of more than 700 million euros.