Mexican investors eye Mindanao biz potentials

MEXICAN investors are looking at venturing in agriculture, medical and tourism in Mindanao, its diplomat said.

“Mindanao is one of the fastest growing areas in the Philippines and I find its entrepreneurship approach very active,” shared Mexican Ambassador to the Philippines Julio Camarena-Villaseñor during his visit at The Chocolate Museum in Malagos Garden Resort on Tuesday.

The ambassador was in Malagos to personally hand over the book on Manila Galleon, which marked the strengthened exchange of products between the two countries including chocolate.

At the Wednesdays@Habi at Kape forum at Abreeza, Villaseñor also promised to look for investors in infrastructure and renewable energy. He said the two investment areas are among those that the Mindanao Development Authority presented to him during his meeting with Undersecretary Janet M. Lopoz and Assistant Secretary Romeo M. Montenegro, executive director and deputy executive director of the Philippine government agency, respective.y

He said he is also scheduled to sit down with Mexican investors in May to discuss with them the investment opportunities in Mindanao, with MinDA among the government agencies that will be invited to present the investment opportunities in the country.

On the tourism sector, for instance, he said the companies from Mexico are interested in setting up hotels and other tourism-related facilities.

The ambassador, prior to his visit to the museum, was also briefed on the investment opportunities by the heads of Davao City Investment Promotion Center and City Tourism Operations Office earlier on Tuesday.

Throughout the country, Villaseñor said Mexican companies are looking at exploring in agriculture industry, telecommunication and manufacturing. They, he said, also planned to have exchange programs with the country.

The Mexican government targeted to increase its trade with the Philippines.

As of 2013, Villaseñor said big investors from Mexico invested about $6.8 billion, particularly investments from Femsa Coca-Cola and Cemex. He added that there are also Filipinos that have invested in Mexico.

“There are strong ties between the two countries,” Villaseñor said, adding that Mexico is among the top foreign direct investors in the Philippines as the galleon trade between the two countries being among the oldest form of free trade.

Cultural engagements are also set to be brought to Davao City on September. Villasenor said his office is currently arranging to mount a Mariachi this year.

Mariachi is a musical expression that dates back to 18th century Western Mexico. It is a tradition that can be defined by various socio-musical elements: mariachi instrumentation and texture, musical genres and subgenres, performance methods and styles, singing styles and forms, dance styles, performative space, and fashion. Various wind and string instruments comprise this musical ensemble.

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