Querétaro, Qro. The entity captured $2,396.9 million in foreign direct investments from Canadafrom 1999 to 2022, ranking nationally as the ninth recipient of capital of this origin, according to data from the Ministry of Economy (SE).

During this time, Canada It has positioned itself as the third largest investor in Querétaro, just behind the United States and Spain.

In 2022 alone, Canadian investments arriving in the state totaled $120.9 million, placing the state in twelfth place, among the 32 entities.

In this way, Canada It is one of Querétaro’s main commercial partners, which is why the state aims to attract more foreign investment from this country, as well as strengthen commercial ties, said the Secretary of Sustainable Development (Sedesu), Marco Antonio del Prete Tercero.

In this context, companies from Canada carry out a trade mission to the State; During a meeting with businesses, the Secretary of State spoke about Querétaro’s potential to attract investment projects related to the aerospace, automotive and information technology sectors.

During the meeting he stated that Queretaro It has conditions that give certainty to the growth of businesses, as well as – he said – qualified personnel.

In addition, he affirmed that the State can be an ally for the protected agricultural sector, being one of the few entities that has an organized territory based on its environmental vocation.

In Queretaro There are 96 companies of Canadian origin, which are mainly engaged in the manufacturing of plastics and automobile parts.

As part of the working tour, representatives of the Canadian Chamber of Commerce (CanCham) in Mexico also attended the first regular meeting of the board of directors of the Querétaro Chamber of Commerce, as well as the third edition of GreenTech Americas.

Among the ten largest recipients of Canadian FDI

From 1999 to 2022, Canada issued $50,853.1 million in foreign direct investment to Mexico, of which Querétaro captured 4.7% ($2,396.9 million).

In the country, Zacatecas is the largest beneficiary of Canadian investments, accumulating $6,830.5 million during the reference period (13.4% of the total received by the country); Mexico City follows with $6,438.5 million (12.7%) and, in third place, Chihuahua with $4,837 million (9.5%).

As well as Sinaloa with 4,115.9 million dollars (8.1%), Guerrero with 3,243.8 million dollars (6.4%), Coahuila with 3,017.6 million dollars (5.9%), Durango with 2,549 .4 million dollars (5%), the State of Mexico with 2,482.0 million dollars. (4.9%), Querétaro (4.7%) and in tenth place is Jalisco with 2,043.5 million dollars (4%).