Weekly Report - 29 September 2016 (WR-16-38)

MEXICO | Cisco announces major investment. On 27 September Charles Robbins, the CEO of US networking hardware manufacturing firm Cisco Systems, the world’s largest producer of internet connectivity equipment, announced plans to invest US$4bn to expand the firm’s operations in Mexico in the next two years. The planned investment is among the largest announced since President Enrique Peña Nieto first assumed office in 2012 and should help to stimulate domestic economic growth. The announcement was made after Robbins held a private meeting with Peña Nieto at the Los Pinos presidential residence in Mexico City.