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Crime Costing Mexico Investors

News Americas, MEXICO CITY, Mexico, Fri. May 20, 2011: Crime caused largely by drug-related violence is definitely costing Mexico the president of the National Private Security Council insists.

Alejandro Desfassiaux told Efe news service that their latest survey show that about 27 percent of businessmen are reconsidering their investments in Mexico.
He added that another16 percent have suspended investing and 8 percent are considering shifting investment to other countries.

Only 23 companies opened in 2010, while 3,000 had opened in 2007, Desfassiaux added.

“Crime is affecting the economic performances of Chihuahua, Guerrero, Jalisco, Nuevo Leon and Tamaulipas (states), where murders related to drug trafficking have risen threefold to 18-fold,” Desfassiaux was quoted as saying.
The council is a trade group that represents about 200 security firms in Mexico.

Source: Carib World News

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