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Mexican revolution.

Latin Trade • August, 2007 •

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."


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