Mexican potential attracts Europeans

Of the three countries that constitute the proposed North American Free Trade Agreement (NAFTA), Mexico has the best potential for European investment, according to the third Europe Business Monitor survey.

Mexico placed narrowly ahead of the U.S. and substantially ahead of Canada in the survey, sponsored by United Parcel Service (UPS).

The U.S. Congress was voting at presstime on ratification of NAFTA, which would see the creation of tri-lateral, continent-wide trade. The new Liberal government in Ottawa has talked of seeking changes to the agreement which was ratified previously by the Progressive Conservative government of Brian Mulroney.

The Business Monitor periodically surveys about 1,500 European business leaders, selected from Europe’s top 15,000 revenue-generating companies. Harris Research conducted the survey.