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Mexico

The original report was published in The Financial Times Deutschland on Monday, November 5, 2012
During the tequila crisis, Mexico suffered some arduous times. Economically, the country is now back on its feet and last year its exports reached US$300 billion, higher than any other Latin American country
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Mexican son of world's richest man bets on IT software as means to take a "huge leap forward" in Mexico
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Emerging countries' internationalisation processes are needed to boost global food security, says Bimbo Group director general
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José Antonio Meade, Secretary of Finance and Public Credit
Mexico's Finance Secretary says his country will remain competitive at home and look for other possible destinations for investment
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Fonatur is the business providing the backbone to a country looking to exploit the tourism market further as Mexico seeks to become one of the top five worldwide destinations
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Mexico's government is firmly pushing the tourism sector forward, both at home and around the world
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Huatulco
Located in Oaxaca state by the Pacific Coast, Huatulco is the world's first community awarded with the Earth Check Gold
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With the creation of Tajamar Cancún, Fonatur aims to reinforce the global positioning of Cancún as a world-class tourist destination
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Vesta develops industrial buildings and distribution centres for multinational companies in a wide variety of sectors, and a recent stock offering is funding expansion plans
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Various multinational Fortune 500 companies have their Mexican address at PIQ
Parque Industrial Querétaro is more than just a business park, it is the model for the future
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Chufani has built up a reputation of being able to manage every stage of the construction process
Chufani combines technology and expertise to serve its clients' needs
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Alejandro Ramírez Magaña, Chairman of the B20
Cinema group Cinépolis head and B20 Chairman stands behind efforts to fight poverty and boost human development
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Mexico's economic growth and development are praised by executives from Bombardier, Scotiabank, Siemens, and Coca-Cola; as well as Tom Donohue of the U.S. Chamber of Commerce and former U.S. Trade Representative Carla Hills
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Claudio X González, President of Kimberly Clark Mexico
The world is moving away from the Atlantic to become Pacific-centred, and Mexico is a key in the process, says Kimberley Clark president
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These are stable times for the Mexican economy with a solid financial system providing the foundation for good investment opportunities
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Mariano González Zarur, Governor of Tlaxcala State
Tlaxcala has attracted several German companies, such as Volkswagen, and hopes to host a future bilateral Mexico-Germany business summit
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Fonatur's Integrally Planned Resorts are models for tourism worldwide
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In Baja California Sur State investors can find a perfect match of world-class natural beauty without the world-class price tag
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Jaime Levy, Director of Plaza Suites and CEO of JL Consulting
Plaza Suites Mexico City offers business travellers and holiday-makers alike top-notch accommodations in the nation's capital
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Querétaro, under the guidance of Governor José Calzada, is prospering, attracting multinational companies from all corners of the globe and generating jobs for locals, whilst improving the quality of life in the area
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The Zibatá planned community will include an 18-hole par 72 golf course designed by world-famous architect Humberto Artigas
Zibatá is constructing residential areas in a booming area of Mexico
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Querétaro has become a hub for companies through the development of its ambitious aerospace industrial park
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Globus Vision

CAPITAL:
Mexico DF

AREA:
1,964,375 sq km

POPULATION
114,975,406 (July 2012 estimate)

IN THE LAST TWO YEARS:
- Mexico moved up 13 positions
according to the World Economic
Forum (WEF)
2012-2013: 53 position,
2011-2012: 58 th, 2010-2011: 66 th
- Mexico moved up 10 positions
according to IMD
2012: 37 position, 2011: 38th,
2010: 47 th
- Mexico moved up 6 positions in
“Doing Business,” according to
the World Bank
2012: 48 position, 2011: 53 th,
2010: 54 th

REAL GDP GROWTH RATE:
3.8% (2011 estimate)

GDP per capita:
US$14,800 (2011 estimate)

GDP composition by sector:
agriculture: 3.8%
industry: 34.2%
services: 62% (2011 estimate)

LABOUR FORCE:
49.17 million (2011 estimate)

BUDGET DEFICIT:
2.5% of GDP (2011 estimate)

INVESTMENT (gross fixed):
21.1% of GDP (2011 estimate)

PUBLIC DEBT:
35.4% of GDP (2011 estimate)

INFLATION RATE:
3.4% (2011 estimate)

INDUSTRIES:
food and beverages, tobacco, chemicals,
iron and steel, petroleum, mining,
textiles, clothing, motor vehicles,
consumer durables, tourism

AGRICULTURE PRODUCTS:
corn, wheat, soybeans, rice, beans,
cotton, coffee, fruit, tomatoes, beef,
poultry, dairy products, wood products

EXPORTS:
US$349.7 billion (2011 estimate)

IMPORTS:
$350.8 billion (2011 estimate)

STOCK OF DIRECT FOREIGN INVESTMENT:
- at home
US$317.9 billion (31 December 2011
estimate)

STOCK OF DIRECT FOREIGN INVESTMENT:
- abroad: $88.02 billion (31 December
2011 estimate)

EXCHANGE RATE:
1 euro = 16.6 Mexican pesos