Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Mexico's FDI down 16% in 2008: UNCTAD
+ -
11:22, September 18, 2009

 Related News
 Brazil's tax revenue down 7.49% in August
 Brazil's Petrobras announces oil discovery
 Oracle software sales disappoint
 Brazil's credit demand down 4.3% in August
 Most of Mexicans back enviornment preservation spending: survey
 Comment  Tell A Friend
 Print Format  Save Article
Mexico received 21 billion U.S. dollars in foreign direct investment (FDI) in 2008, down 16 percent from a year earlier, a UN report published Thursday said.

In its annual report, the United Nations Conference on Trade and Development (UNCTAD) ranked Mexico 18th on its list of 20 major FDI destinations. This was far behind Brazil, Russia, India and China, generally considered to be Mexico's close competitors for such investment.

FDI inflows to Brazil, Latin America's largest economy, rose by nearly 29 percent to 45 billion U.S. dollars last year.

"Brazil has seen investment shoot up in recent years because it has opened up economic sectors, like oil and agriculture, that Mexico has not," UNCTAD consultant Gregorio Canales explained.

UNCTAD expects FDI to fall by as much as 45 percent in Latin America this year as a result of the financial crisis. This crisis has hit private equity firms hard and caused big companies to cut their spending.

Mexico is expecting a decrease of around 23 percent in FDI inflows this year.

Source:Xinhua



  Your Message:   Most Commented:
Why India is pursuing military strength?
World's top ten most mysterious and horrible spots
Baby alien found by Mexican farmer
Which country has the most beautiful women?
Indian media stinks up public opinions

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90778/90858/90864/6761769.pdf