The Undersecretary of Foreign Trade, Luis Rosendo Gutiérrez, held a meeting with members of the Mexico-France Business Council and the MEDEF (Mouvement des entreprises de France, for its acronym in French) in which they addressed issues of economic and commercial relations between both countries.
According to information from the Ministry of Economy, the undersecretary spoke about the investment advantages that Mexico offers, including its strategic position, its network of trade agreements and a highly qualified and specialized workforce.
Representing the head of Economy, Marcelo Ebrard, Luis Rosendo Gutiérrez highlighted the investment of French companies in the country, which operate, among others, in the financial, technological, energy and infrastructure sectors, while expressing the interest of the government of expand French investment in our country.
At the meeting, the French ambassador to Mexico, Delphine Borione, highlighted the economic, cultural and cooperation ties that exist between both countries. The parties agreed to continue working to expand business between both economies and follow up on the strategic investments that are already underway. The agency highlighted that MEDEF is the largest employer federation in France and investments in Mexico are very important.
According to information from the federal government, France is the sixth European investor in Mexico, and the ninth worldwide. Currently there are 550 French companies operating in the 32 states of the Mexican Republic, 37 of which are listed on the French stock exchange.
French companies generate more than 150,000 direct jobs in Mexico, 78% of which are located outside Mexico City. About 20 French companies employ more than 1,000 employees each, and six have more than 10,000 employees.
These firms are mainly concentrated in the automotive, aeronautics, health, energy, agri-food, industry and technology sectors.
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