Improvement of the Mexican framework has generated confidence between foreign investors; therefore, 2,146 companies with Canadian capital have been registered until December 2008.
According to the Secretaría de Economía (Mexican Ministry of Economy) until March 2009 Canadian direct investment has reached USD $9.5 billion becoming the fourth largest foreign investor in Mexico.
Pemex (Mexican State-owned gas company) has planned to build plants to produce clean fuel in Mexico in order to reduce pollution with low-sulphur fuel. This clean fuel plan calls for the construction of 22 plants at two refineries: Ing. Antonio Dovali Jaime in Salina Cruz and Gral Lazaro Cardenas in Veracruz; therefore, Pemex has launches an international tender for companies with technical and financial capacity to develop the engineering project, plan construction and auxiliary and additional services.
Inspection visits on August 12 and 13, Q&A session on August 19 and bidding terms are available until November 12, 2009.
Campeche has complete infrastructure to explore, extract and process oil. Now these days, federal and local investment, more than 110 million Mexican Pesos, is making possible maintenance and improvement of infrastructure and a new Convention Centre in order to attract national and international events related to the oil industry, such as summits, conventions and business fairs.
According to the Secretaría de Economía, (Mexican Ministry of Economy) these are some important facts regarding trade between Mexico and Canada between January and April, 2009:
- Trade recorded USD $6 billion four times higher since 1993;
- Mexico represents the fifth largest market for Canada;
- Exports from Canada to Mexico reached USD $2.1 billion;
- The average annual growth rate export of Canada into Mexico was 12.4 % since April 1993;
- The three main Canadian products imported in Mexico were cellular phones, drilling machinery part and parts for vehicles ignition;
- Mexico is the third gratest supplier for Canadian Market;
