Guanajuato expects to close the year with an investment of $ 1.5 billion USD, a tremendously favorable figure despite the tension between Mexico and the United States for the economic policy that Trump has manifested on several occasions since its campaign, and that has impacted on the decision-making of American companies.
By the seventh month of 2017, Guanajuato has attracted 1.1 billion US dollars of investment with 20 established companies. At the end of the year, it is expected to reach the figure of 1.5 billion dollars, slightly below the 1.7 billion dollars of 2016.
The pace of investment is a lot better than we expected due to the positioning and statements of the President of the United States, which are proved to be wrong after some time, but anyways generated uncertainty and false expectations” , said Guillermo Romero Pacheco, Secretary of Sustainable Economic Development (SDES) of Guanajuato.
Romero acknowledged that updating the North American Free Trade Agreement (NAFTA), which negotiations could exceed a six-month period, can affect the times of decision making. However, he affirmed that no Guanajuato based American company has been impacted by this situation.
“In Guanajuato we have reconfirmed the projects and some of them may go a little slower than planned, but the important thing is that they have not cancelled or removed any ongoing project for that reason,” he concluded.