Guadalajara, Jalisco. After the federal government disappeared ProMéxico and the Mexican Tourism Promotion Council (CPTM), Jalisco will strengthen its internationalization agenda through the installation of representative offices in the United States.
Through the three Jalisco Houses that it has so far: in Chicago, Illinois, Los Angeles, California and the one installed a week ago in Washington DC, the government of the entity seeks to attract Foreign Direct Investment (FDI) and open new markets for the export of products and services made in Jalisco.
The general strategic coordinator for Economic Growth and Development of Jalisco, Xavier Orendain, indicated that 78% of all Jalisco exports go to the United States.
“The global economic-logistics situation presents an enormous opportunity in terms of trade and investment, derived from the US trade war with China, as well as the liquidity and recovery of the United States,” said Orendain de Obeso.
The Secretary of Economic Development (Sedeco), Roberto Arechederra, indicated that in the remainder of the state administration, the agency plans to attract US investment projects to Jalisco for 2,000 million dollars annually.
According to Sedeco data, from 2019 to 2021 Jalisco captured 1,724 million dollars of FDI from the United States, a figure that represents 30% of the total that arrived in the state in that period.
In the same period, there were five sectors that accumulated 56% of the FDI received from the neighboring country. These are the manufacture of electronic components with 16.9%, pensions and guest houses (tourism) with 12%, the manufacture of automotive parts with 10.3%, the beverage industry with 9% and the retail trade of self-service stores with 7.8%. percent.
Investment projects
For now, Arechederra Pacheco anticipated that, as a result of the tour made by Jalisco officials to Washington DC and Chicago last week, the economic cabinet is holding negotiations with three US companies interested in settling in Jalisco, which could generate between 3,000 and 4,000 jobs.
“We have signed confidentiality agreements because we are working on it (…) and we hope in the coming weeks to be able to give a result of a very important, iconic company, a great brand for our state”, stressed the head of Sedeco.
According to Sedeco’s Director of Investment Attraction, Andrea Colin, US companies are interested in investing in Jalisco in sectors such as pharmaceuticals, real estate and agribusiness, mainly.