Can Mexico Boost Investment in the Country’s South?
Mexican officials on May 8 released details of a plan to attract investment to the southern part of the country. The plan includes the construction of a freight rail line to link Mexico’s Pacific and Gulf coasts, as well as establishing 10 industrial parks along the route; four in Veracruz and six in Oaxaca. Why is President Andrés Manuel López Obrador’s administration targeting the country’s south, and what are the plan’s expectations? What kind of investment is it seeking to attract, and what incentives is the administration offering? How much would the plan strengthen the economies of Mexico’s southern states?
Nicolás Mariscal, member of the Advisor board and chairman of Grupo Marhnos in Mexico City: “The southern states of Mexico are less developed than the northern and central regions, where there is a greater variety and sophistication of capabilities and productive investments. President Andrés Manuel López Obrador’s administration is targeting the south of Mexico as part of its broader development strategy to reduce regional disparities. It aims to unlock the economic potential of this area and stimulate economic growth in the southern states, such as Veracruz, Chiapas and Oaxaca. The specific expectations of the plan are to boost economic activity, increase productivity and enhance connectivity within and beyond the southern region. The freight rail line will facilitate the transportation of goods between the Pacific and Gulf coasts, improving logistics and trade opportunities. This corridor could have the potential to…”Read More
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