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Spanish firms eye Mexico investment boost after trade deal modernization
🇲🇽 Mexico /Economy & Trade

Spanish firms eye Mexico investment boost after trade deal modernization

From El Universal · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Spanish investors are looking to increase their projects in Mexico, citing renewed confidence after the modernization of the EU-Mexico trade agreement.
  • Over 60% of Spanish companies surveyed aim to boost their turnover, investment, and job creation in Mexico during 2026.
  • Spanish officials aim to increase bilateral investment by 50% and potentially double trade between the two countries by 2030.

Spanish investors are signaling a strong interest in expanding their presence in Mexico, with a significant majority of companies planning to increase their turnover, investment, and job creation in 2026. This renewed confidence is partly attributed to the modernized EU-Mexico Global Agreement, which has bolstered investor sentiment.

more than 60% aspire during 2026 to increase their turnover, investment and job creation.

— Antonio BasagoitiPresident of the Spanish Chamber of Commerce in Mexico, speaking about a recent survey of Spanish companies.

Antonio Basagoiti, president of the Spanish Chamber of Commerce in Mexico, noted that Spanish companies have consistently maintained their operations in Mexico, but improved economic conditions are expected to further stimulate investment. He highlighted opportunities across various sectors, including science, industry, automotive, food, health, and technology, as key areas for Spanish business.

Spanish companies have maintained themselves in Mexico under any circumstances, but if there is a better climate, it will be a greater boost for investments. And Spanish companies know that in Mexico they have great opportunities in sectors such as science, industry, the entire automotive sector, food, health, and technology, and that is the bet they are making.

— Antonio BasagoitiDescribing the opportunities for Spanish investment in Mexico.

Carlos Cuerpo, Spain's First Vice President and Minister of Economy, Commerce, and Enterprise, expressed a desire to "continue increasing bilateral investment and also trade between our countries." He proposed an ambitious goal of a 50% increase in investment and potentially doubling trade by 2030, emphasizing the need for concrete action plans in the coming months.

we want to continue increasing that bilateral investment and also trade between our countries. I believe that objective of increasing investment by 50%.

— Carlos CuerpoSpain's First Vice President and Minister of Economy, Commerce, and Enterprise, speaking about bilateral economic goals.

Cuerpo also shared survey results indicating that over 90% of Spanish companies already invested in Mexico are satisfied with their operations, and more than 50% plan to expand their investments. This data underscores the strong relationship and positive future outlook for Spanish businesses in Mexico, with the current stock of investment already at a substantial 72 million and continuing to grow.

in terms of trade we can even set ourselves an even more ambitious goal and try to double trade between our countries by 2030 because if we don't set these kinds of ambitions that we will have to translate into concrete deliverables, and that is what we will do in the coming months, we will not achieve progress.

— Carlos CuerpoDiscussing the potential for increased trade between Spain and Mexico.
DistantNews Editorial

Originally published by El Universal in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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