Mexico Petrochemicals 2018
BMI View: There has been little movement in our Americas Petrochemicals Risk/Reward Index ranking this quarter, with most markets seeing modest declines in their scores as a result of adjustments in their Country Risk scores. However, the annual change in scores has been on the upside with Mexico and Colombia the only markets to see a deterioration in risk due to the impact of rapid US petrochemicals growth, whereas Brazil is emerging from a major corruption scandal that engulfed national oil company Petrobras. Possible changes in the ranking could come with a resolution of political turmoil in Venezuela and further growth in Mexico's petrochemicals industry, which could secure enough growth in scores to enable both countries to raise their rankings. However, this is unlikely in the short term. The US has an unassailable regional and global lead due to its massive petrochemicals base, as well as a conducive business environment. The ranking remains static with a 64.7-point gap in RRI between the US and the bottom-ranked Peru.
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