Mexico’s nearshoring potential likely to impact U.S. ag sector

Mexico’s nearshoring potential likely to impact U.S. ag sector

A former ambassador to Mexico says the country’s president-elect has the potential to grow foreign-direct investment to new levels.

Earl Anthony Wayne tells Brownfield, “The potential for Mexico is tremendous.”

“They have grown the amount of foreign direct investment coming into Mexico, but they’re far below their potential as estimated by the Inter-American Development Bank and others,” he says.

John Deere and CNH Industrial have recently announced plans to move production to Mexico.

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