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1. Investments grow, but the economy contracts

Mexico reached a record level of Foreign Direct Investment (FDI) in the first quarter of 2026, totaling USD 23.591 billion, a 10.4% increase compared with the same period last year. The result was driven by a rise in reinvested earnings, which went from USD 16.647 billion to USD 22.222 billion, and by the increase in new investments, which rose from USD 1.586 billion to USD 1.705 billion. The momentum was also reflected in foreign trade: in April, exports reached USD 72.042 billion, their highest level on record, while imports amounted to USD 67.5218 billion, also a historic high. As a result, Mexico closed the month with a trade surplus of USD 4.520 billion.

Despite the above, the Bank of Mexico lowered its growth estimate for 2026 to 1.1%, from the previously projected 1.6%, due to weaker economic performance at the start of the year and expectations of still-fragile investment. Banxico said economic activity is expected to continue growing, albeit at a moderate pace, in a context marked by trade uncertainty with the United States and the upcoming review of the USMCA.

La Jornada: Importaciones y exportaciones baten récords en abril: Inegi

El País: México alcanza un nuevo máximo de inversión extranjera directa al primer trimestre del año: 23.591 millones de dólares

El Universal: Banxico recorta PIB de México a 1.1% para este año; crecimiento de la economía seguirá bajo, pero positivo, prevé

2. New investments announced to boost economic growth

The federal government and several pharmaceutical companies announced an investment of more than 21 billion pesos in the health sector for seven projects related to the production of medicines, vaccines, and clinical research in Mexico. Participating companies include Abbott, Bristol Myers Squibb, Neolpharma, Opella, Kener, Liomont, Sanofi, and Bayer, with projects focused on expanding production capacity in various states. The President said that, beyond the amount itself, what matters is that these investments will help move the country toward reducing its dependence on imported inputs.

Mexico also received new investment announcements this week in strategic sectors. On the one hand, the President of the European Investment Bank (EIB), Nadia Calviño, said the institution expects to mobilize EUR 3 billion in Mexico as part of a new stage of cooperation with the European Union. This was formalized in a memorandum signed with the Ministry of Energy to identify priority projects in energy, power grids, renewable energy, and industrial decarbonization, as well as an agreement with Bancomext for EUR 150 million to channel financing to Mexican private companies. In the same vein, businessman Carlos Slim announced that his companies will invest around USD 5 billion in Mexico this year, mainly in infrastructure, energy, oil, and telecommunications, although he did not provide further details on the funds.

Expansión: Gobierno y farmacéuticas anuncian inversión de 21,000 mdp para medicamentos, vacunas e investigación
 
Aristegui Noticias: Banco Europeo de Inversiones prevé movilizar 3 mil millones de euros en México: presidenta del BEI
 
El Financiero: Carlos Slim saca la cartera: Anuncia inversión de 5 mil mdd en México para 2026

3. First round of negotiations between Mexico and the United States concludes

Mexico and the United States began formal talks for the review of the USMCA, with the main issues, according to reports, being regional rules of origin, including greater U.S. content in cars and trucks manufactured in Mexico, as well as the steel, aluminum, medical devices, labor, critical minerals, and supply chain security sectors. Economy Minister Marcelo Ebrard stressed that Mexico will tell its counterpart that the economic integration of both nations must be taken into account. According to official information, the second round of negotiations will take place on June 16 and 17 in Washington, D.C., and the third bilateral round is scheduled for July 20 in Mexico.

The negotiations took place in a context of bilateral financial tension due to President Trump’s executive order, which requires banks and financial institutions to pay greater attention to the ITIN (the tax identification number used by people who do not have Social Security), as well as to small international transfers, digital payment platforms, and cash deposits that the government considers potentially linked to illicit activities. This could discourage undocumented migrants from sending remittances to Mexico.

Forbes: EU y México inician conversaciones del T-MEC y negocian normas sobre contenido automotriz
 
El Economista: Trump endurece reglas de identificación para enviar remesas y solicitar créditos

4. Mexico hosted the 20th edition of EuroLat

The Senate of the Republic hosted the Euro-Latin American Parliamentary Assembly (EuroLat), a meeting that brings together lawmakers from 30 countries in Europe, Latin America, and the Caribbean. During the opening session, Senate President Laura Itzel Castillo highlighted the importance of strengthening multilateralism and cooperation among equals. Likewise, Foreign Minister Roberto Velasco Álvarez said that EuroLat is taking place at a significant moment for Mexico following the signing of the Modernized Global Agreement with the European Union. For his part, Vice President of the European Parliament Javi López stressed that the major challenges of the 21st century can only be addressed through cooperation, strong institutions, and respect for international law.

The parliamentary agenda focused on key issues such as the role of artificial intelligence in democracy, the fight against organized crime, the protection of minors in digital environments, environmental resilience, and the strategic importance of the EU-Mexico Modernized Global Agreement. Urgent security and human rights challenges were also analyzed, ranging from transatlantic migration and arms trafficking to feminicide, digital gender-based violence, and proposals from Indigenous communities to strengthen the alliance between Latin America and the European Union.

DW: EuroLat: Europa y América Latina buscan juntas su lugar
 
Senado de la República: Realizan en el Senado de la República sesión de apertura de la Asamblea Parlamentaria Euro-Latinoamericana

5. Congress approves several electoral reforms in extraordinary session

The Congress of the Union approved various electoral reforms. First, it approved the constitutional amendment postponing the judicial election until 2028. The amendment also includes, among other points, adjustments to the evaluation committees and a reduction in the number of candidates. During the debate, lawmakers also approved the re-election of magistrates of the Electoral Tribunal of the Federal Judiciary, as well as the creation of two new sections of the Supreme Court of Justice of the Nation, which will operate only when the Court’s full bench deems it appropriate.

Likewise, another constitutional reform was approved to annul elections when foreign interference in favor of or against candidates or parties is proven. The new ground was proposed by Morena as a measure to protect the sovereignty and integrity of democratic processes. Finally, the creation of the Candidate Integrity Verification Commission was approved, a mechanism that will allow the profiles of aspirants to be reviewed before registration, in order to detect possible links to organized crime.

N MÁS: Senado Aprueba en lo General y en lo Particular la Reforma Que Posterga Elección Judicial a 2028

Uno TV: Senado avala nulidad de elecciones por injerencia extranjera; reforma avanza a congresos estatales

Infobae: En 35 minutos y sin pasar por comisiones, el Senado aprobó crear filtro para detectar narcocandidatos