February 3rd. 2025. Announcement from the President of Mexico ,Claudia Seinbaum: we had a good conversation with President Trump with great respect for our relationship and sovereignty; we reached a series of agreements:
1. Mexico will immediately reinforce the northern border with 10,000 members of the National Guard to prevent drug trafficking from Mexico to the United States, particularly fentanyl.
2. The United States is committed to working to prevent the trafficking of high-powered weapons to Mexico.
3. Our teams will begin working today on two fronts: security and trade.
http://4.Se They are pausing tariffs for one month from now.
MEXICO – The Netherlands, Belgium and Germany are reinforcing their interest in Mexico, reflected in a growth of foreign direct investment (FDI) in the country.
Among these, the Netherlands leads the increase with an investment of US$1.9 billion through the third quarter of 2024, which represents a 238% growth compared to the same period of 2023, according to data from the Ministry of Economy.
Belgium also increased its participation, reporting an investment of US$1.5 billion, an increase of 101%. For its part, Germany registered an FDI of US$3.8 billion, marking an increase of 34.2%.
The National Council of the Maquiladora and Manufacturing Export Industry (Index) notes that Europe is also focusing its sights on Mexico in terms of how to set up companies and how they can join the value chains, becoming suppliers to be incorporated into production lines and then export to the United States.
But Index points out that it is not a matter of triangulation, as is thought of Chinese companies, because there has to be a change in tariffs and a transformation in the product.
The data indicate that in all cases they are concentrated in the manufacturing sector, in the case of the Netherlands and Germany they are directed to the automotive sector.
From January to September 2024, the Netherlands registers an FDI of US$1.4 billion for the manufacture of transportation equipment, being the most representative; in second place, with a more conservative value, is the beverage industry, with US$204 million.
Germany focuses its investment in the manufacture of cars and trucks, with US$1.4 billion, and in auto parts, with US$1 billion.
Belgium’s record, for said period, only shows that it is for manufacturing industries; however, in the information of the commercial relationship of the Ministry of Foreign Affairs, an investment in beverages and tobacco is identified.
Regarding the type of investment, from January to September 2024, intercompany accounts, which are transactions originated by debts between companies established in Mexico and other related companies residing abroad, represent 71% of the total; reinvestments, with 28.3%; and new investments, with only 0.3%.
This morning at @SRE_mx Foreign Minister Juan Ramón de la Fuente held a working call with the High Representative of the European Union for Foreign Affairs,
@kajakallas
, to discuss the significant progress made towards the signing of the Modernized Global Agreement, which establishes the framework for political, economic and cooperation relations between Mexico and the European Union 🇲🇽🤝🇪🇺.
They also exchanged points about cooperation in instances such as the #GlobalGateway initiative, which offers an opportunity to collaborate on Mexico’s priority projects, and discussed topics of common interest, such as gender equality, climate change and human rights. in the context of the recent election of Mexico as a member of the Economic and Social Council (2025-2027) and the Human Rights Council (2025-2027) of the United Nations.