Bernie Ecclestone says the effort and funding that has gone in to promoting the Mexican Grand Prix puts European venues to shame, as the country prepares to host its first F1 race since 1992 to a likely sell-out crowd.

Twenty-three years after the Autodromo Hermanos Rodriguez last hosted a race, the centrally-located Mexico City venue has been revamped and re-profiled for its 2015 return, making it the second Latin American venue along with Brazil.

With a sell-out attendance figure of almost 100,000 spectators anticipated for race day, Ecclestone was full of praise for the preparation and promotion of the event, saying it sets a standard that European venues should take inspiration from.

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"It's incredible," he told the BBC. "All these countries in a little bit of financial problems are getting the job done. This is when some of our people in Europe, who complain about things, realise what people like these do to promote the race and make it happen and compare it with what they do."

The return of Mexico to the schedule has been made possible with the intervention of state government funding, a commonplace feature of several new events, including Russia, Bahrain, China and United Arab Emirates, as well as the forthcoming new-for-2016 race in Azerbaijan.

With this in mind, Ecclestone has hinted that F1 could continue to expand further afield in the near future, suggesting Argentina 'could' be due for a comeback. Argentina last featured on the F1 schedule in 1998, hosted at Buenos Aires' Autodromo Oscar Alfredo Galvez, while the MotoGP and WTCC compete at the recently updated Termas de Rio Hondo circuit.