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Mexico direct foreign investment drops 20 percent

Mexico direct foreign investment drops 20 percent

Direct foreign investment in Mexico has fallen and officials blame it partly on the U.S. economic downturn.
Mexico's Economy Department says direct foreign investment fell to US$10.5 billion in the first six months of this year. That's a 20 percent drop from the same period a year before.
Still, the amount puts Mexico on target to reach its US$20 billion goal for 2008.
More than half of Mexico's direct foreign investment comes from the United States. The European Union follows with a third of all investment, and Canada provides 8 percent.
More than 40 percent of the investment went toward manufacturing.
The figures were announced Thursday.


Updated : 2021-06-13 04:17 GMT+08:00