Mexico plays a key role in the new order of international trade due to its geographical proximity to the world’s most important market, the United States.
Mexico is among the top twenty economies in the world, currently ranked 14th.
More than eight hundred foreign companies do business in Mexico.
There are 65,000 foreign-invested companies operating in the country, where they enjoy a large local market and a strong platform to boost their exports.
Our country plays a key role due to its geographical location, in addition to having a series of benefits related to demographics, logistics and costs:
Our workforce is young, plentiful, and skilled. Moreover, as of 2015, the labor cost in China has been higher than in Mexico. Although the gap has now narrowed, according to the World Bank in 2020 we had a similar human capital index, 0.6 vs. 0.7.
Mexico is one of the fastest-growing low-cost territories in the manufacturing sectors, leading manufacturing capabilities in automotive, medical devices, appliances, processed foods, fashion, and luxury goods. We are also ranked competitive in large vehicles and construction, aerospace and footwear equipment.
We are one of the low-cost countries with the lowest score in the World Bank's Ease of Doing Business ranking during 2020.
This represents a competitive advantage in terms of tariffs/tariffs in North America. Additionally, Mexico is party to thirteen trade agreements that allow free trade with fifty countries, including the European Union-Mexico Free Trade Agreement.
Rapid access to the United States means lower logistics costs, shorter delivery times, and real alternatives to respond in a timely manner to changes in demand.
Our geographical location allows us to quickly access various markets since we have the port, land and airport infrastructure required for the movement of inputs and finished products.
