BlackRock sees continued investment potential in Mexico despite T‑MEC annual reviews

BlackRock, the world’s largest asset manager, said Mexico’s fiscal discipline and the government’s non‑confrontational stance keep the country’s growth and investment outlook positive. The firm expects the annual reviews of the United States‑Mexico‑Canada trade agreement (T‑MEC) – triggered after the U.S. chose not to automatically renew it for another 16 years – will not hinder investment, emphasizing that the length of the pact matters less than the fluidity of capital flows.

Sergio Méndez, BlackRock’s Mexico director, highlighted the need for more sustained investment, pointing to opportunities in logistics, energy generation, data centers and the country’s strategic geographic position. He noted that BlackRock manages about $15 billion globally and is exploring tokenisation of long‑term investment products such as iShares ETFs to broaden investor access. The firm also considered a downgrade of Mexico’s sovereign rating unlikely, despite recent warnings from rating agencies about fiscal deficits.

Overall, BlackRock expects foreign investors to remain active in Mexico and believes the country’s economic fundamentals remain solid despite the review cycle of the trade agreement.