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In search of opportunities to expand, Mexican companies have set
their sights on Brazil, where in recent years they have begun to invest
heavily. Mexican investments in Brazil jumped to close to US$2 billion a
year in 2005 from $132 million in 2000, according to the Brazilian
globalization think tank Sobeet. Annual direct investments by Mexicans
in Brazil during those years shot up by a factor of fifteen.
"Mexico wants to diversify its investments, much of which are
concentrated in the United States, and Brazil is the largest and most
significant market for investment in Latin America," says Edmyr
Piereck, vice-president of the Brazilian-Mexican Chamber of Commerce.
"The strength of the Mexican economy right now is driving this
trend."
COPYRIGHT 2007 Freedom Magazines,
Inc. Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
Copyright 2007 Gale, Cengage Learning. All rights
reserved. Gale Group is a Thomson Corporation Company.
NOTE: All illustrations and photos have been removed from this article.
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