Netflix will invest a billion dollars in Mexico

Despite the threats of the American president, especially on customs tariffs, the president of Mexico encourages investors to try their luck in her country.

Netflix’s co-director of Netflix, Ted Sarandos, announced on Thursday, February 20, in Mexico City, that the American streaming platform would invest $ 1 billion in Mexico, in full trade tensions with Donald Trump.

The four -year investment will focus on the production of new series and films in Mexico, added Ted Sarandos, alongside the Mexican president Claudia Sheinbaum, highlighting the success of previous productions like the film Roma d’Alfonso Cuonon in 2018.

“Mexico is so great that they have decided to invest here“said the nationalist leftist president. She recalled that the secretary (Minister) of the economy Marcelo Ebrard was also in Washington on Thursday for discussions with the Trump administration. When he came to power, Donald Trump threatened to tax Mexican imports to 25% if Mexico did not fight more actively against drug trafficking and immigration.

The American president postponed his threat to one month in early February after an exchange with president Sheinbaum who announced the sending of 10,000 security forces to the border between the two countries. The Netflix manager recalled that the platform had installed its headquarters in Latin America in 2020 in Mexico City, where the workforce has been multiplied by ten since that date.

Ted Sarandos took the example of the recent film PEDRO PARAMO Including the shooting in Mexico, he said, reported to the country $ 18 million. Despite the threats of Donald Trump, Claudia Sheinbaum is trying to continue to attract foreign investments to Mexico.

At the start of the week, the Spanish bank Santander announced an investment of two billion dollars over the next three years. “”In a context where customs tariffs will have consequences, Mexico will differentiate itself in comparison with many other countries where Santander operates“Said the president of the Spanish financial group, Ana Botin.

Mexican peso, “Despite everything that happens, there remains a much more resilient currency than the others, for example the euro“, She insisted. On Wednesday, February 19, Mexico, the first trading partner in the United States, drastically revised its economic growth forecasts for the current year, due to”an uncertainty“Linked to Donald Trump’s customs threats.

The gross domestic product growth forecast (GDP) of the 12th world economy increases from 1.2% to 0.6%, said Banco de Mexico (Banxico, Central Bank of Mexico).