Mexico continues to be attractive to take advantage of the economic benefits that the commercial trend of nearshoring can leave without carrying out a constitutional reform and without having to increase public spending.

This was also indicated by Barclays Chief Economist, Gabriel Casillas, indicating that the raw material for investment is legal certainty.

What nearshoring allows is to bring production from one country to another, that is, that suppliers are closer to manufacturers and also to consumers.

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This trend arose with the trade war between the United States and China during the Donald Trump government, with which countries seek to create alliances with nations that are not in such geopolitical uncertainty and that could put their exports or imports at risk.

For Casillas, nearshoring, or also known as friendshoring, can help Mexico regain its growth potential of 2.3%, which it had 40 years ago.

Benjamin Theurer, head of equity research in Latin America at Barclays, considered that Mexico remains an attractive country in the face of the global context that is being experienced with the trends in Eastern Europe and the economic recovery after Covid-19.

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In fact, Barckays remains one of the most optimistic financial institutions about the country's economic growth this year, as they estimate an advance of 2% and 1.5% in 2023.

However, in the Mexican market, investment trusts or Fibras would benefit the most from this business trend, Theurer said.

The Fibras are going to benefit because they basically do the real estate and construction for you, to measure. If General Motors, Ford or any manufacturer arrives, they pay the rent, and that rent reaches the Fibra, which distributes it among its shareholders, Theurer said.

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Original note