Mexico explores tax credits to attract foreign investment in EVs, semiconductors, and rare earth minerals, aligning with U.S. and Canadian policies.

Mexico is considering tax credits to attract foreign investment in sectors like electric vehicles, semiconductors, and rare earth minerals. This initiative aims to boost domestic production and align with U.S. and Canadian policies amid rising protectionism and supply chain shifts. Deputy Foreign Trade Minister Luis Rosendo indicated that these incentives would be open to companies from any nation, including China, while maintaining ties with all partners.

October 21, 2024
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