Walmart plans $1.3 bn investment in Mexico – AFP

Mexico City (AFP) – US retail giant Walmart said Wednesday it plans a fresh $1.3 billion investment in Mexico, despite US President-elect Donald Trump’s tough line on foreign trade and keeping jobs in America. The company plans to build new distribution centers and expand existing ones “which will create more than 10,000 new jobs,” said Walmart’s Mexico director Guilherme Loureiro, announcing the plan alongside Mexican President Enrique Pena Nieto.

Source: Walmart plans $1.3 bn investment in Mexico

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