LatinNews Daily - 17 June 2020

* Mexico has been dropped from global consultancy firm Kearney’s 2020 Foreign Direct Investment (FDI) Confidence Index. The local media cites Kearney as saying that despite the ratification of the US-Canada-Mexico (USMCA) trade agreement, and the ‘nearshoring’ phenomenon of countries seeking nearby supply chains, Mexico needs to “refocus efforts to recover the confidence of foreign investors”. The only other year that Mexico was left off the index, which was first released in 1998, was in 2011. The index is based on a survey of 500 senior executives of the world’s leading corporations, to determine their likelihood of making a direct investment in a market over the next three years, in order to rank the top 25 most attractive countries for FDI. Mexico has also fallen three places in the ‘World Competitiveness Ranking 2020’ released by Swiss business school IMD, dropping from 50 to 53 out of the 63 places available. 

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