Mexico offers an attractive business climate, legal certainty, one of the largest free trade agreement networks in the world, and highly-developed industry groups that offer very competitive costs. Besides the sheer volume of its products, Mexico has stood out in Latin America as a producer and exporter of sophisticated manufactured products.
- Mexico is the 14th largest economy in the world and 2nd in Latin America. By 2050, Goldman Sachs has tipped Mexico to become the 5th largest economy in the world, above countries like the UK.
- The average growth of the Mexican economy for the 2013-2019 period is 4% with a controlled inflation rate of 3.8%.
- According to the Global Competitiveness Report 2011-2012 of the World Economic Forum, Mexico ranked on 39th place in macroeconomic environment out of 142 countries.
- According to Alix Partners, Mexico is the country with the lowest total manufacturing costs among emerging economies and approximately 25% lower than the US.
- Mexico is the 15th largest exporter in the world; it exports more than the rest of Latin America combined, accounting for more than 40% of the total trade of the region.
- Mexico is a manufacturing powerhouse: 80% of its exports are in manufacturing
- Its macroeconomic financials are sound: international reserves of US$163 bn, almost 3 times its foreign debt; low country risk (EMBI +157); Standard & Poors classifies Mexican long term rating in foreign currency as BBB and local currency as A-.
- Mexico has a network of 12 Free Trade Agreements (FTAs) and an Economic Partnership Agreement that grants it preferential access to 44 countries and over one billion consumers, representing 62.6% of the global GDP.
- Mexican trade is fully integrated with its North American partners; its geographical location and NAFTA provide access to the largest market in the world, with a regional GDP of US$17,969 billion.
- Mexico is a safe place for foreign investment; it has signed 28 Investment Promotion and Protection Agreements (IPPA) and Double Taxation Treaties with more than 40 countries.
- According to the ‘Doing Business 2013′ publication of the World Bank, Mexico ranks in 48th place from the 185 economies compared on their business environment, performing better than Brazil, China and India.
- Mexico has a population average age of 26 years. By 2030, the working population in Mexico will reach 62 million, almost the entire population of the UK.
- There are more than 745,000 university students in engineering and technology programmes; every year, the country graduates 115,000 engineers, more than the rest of Latin America combined, and even the US.
- The Atlas of Economic Complexity, published by Harvard University and the Massachusetts Institute of Technology, ranked Mexico 20th in the world, above BRIC countries.
Given these economic trends and forecast, it is increasingly evident that guidance is needed for Mexican companies to establish and expand their businesses within North America and for Western Businesses to establish and expand their businesses in Mexico and elsewhere worldwide. Mexican based and/or Western businesses can successfully navigate this journey by collaborating with an experienced team of global business experts available through Mexico Bridge.
Our Collaborative Services Network of seasoned global professionals will act as an external extension of your internal staff. The core team of successful problem solvers at Mexico Bridge understands the complexities of global business, diverse cultures, the red tape of working abroad, and the potential pit falls inherent in doing business internationally.
Working with Mexico Bridge provides you unique access to established and emerging global markets. The Global Bridges Network provides our clients with in-country experts who understand the business, culture and political issues within each country serviced by the Global Bridges Network. Our country specific experts share our approach for developing and maintaining successful long-term international business relationships.