Biden administration officials on Monday emphasised the advantages of a coming surge of investment in American manufacturing for Mexico
saying new facilities creating semiconductors, clean automobiles and other items might seek to Mexico for raw materials and assembly.
Economists believe Mexico is losing out on billions of dollars in possible foreign investment as corporations want to expand outside China and East Asia due to pandemic supply chain issues.
The nationalist politics of Mexico's president have terrified investors, experts say, and foreign investment levels have yet to recover to pre-epidemic levels.
Foreign corporations, especially American ones, are seeking for near-shoring options like Mexico to shift manufacturing closer to home.
how the countries could capitalise on newly passed legislation that will direct tens of billions of dollars of new investments toward U.S. semiconductor