Mexico is booming with business opportunities for you.
Mexico is an attractive destination for foreign direct investment. Trade liberization and sound market policies have set the foundation for economic development, creating and outstanding business environment and increasing competitiveness for firms established in Mexico.
The North American Free Trade Agreement (NAFTA), which was enacted in 1994
and created a free trade zone for Mexico, Canada and the United States, is the most outstanding feature in the U.S.-Mexico bilateral relationship. Since the implementation of NAFTA, Mexican imports from the United States have increased exponentially, totaling over USD$111 billion in 2004. The United States accounts for nearly 75% of total Mexican trade and Mexico has become the United States second largest trading partner since NAFTA began. In 2004, the economy grew by 4%, the strongest growth rate in several years.
Mexico is gearing up for the presidential elections in 2006, President Vicente Fox has successfully pushed through reforms making the Mexican Government more transparent and accountable. Mexico has a lot to offer you, specially with its abundnat, qualified and low cost labor, and its proximity to one of the largest markets in the world.With the overwhelming amount of trade between the United States and Mexico, there are abundant market opportunities for foreign firms in Mexico.
Mexico’s geographic proximity to the United States has propelled the maquiladora industry with thousands of factories near the U.S.-Mexico border for export back into the United States.
Some of the most promising sectors include: automotive parts, electronic components, housing and construction equipment, airport and ground support equipment, travel and tourism services, plastic materials and resins, energy technology and services, environmental technologies and equipment, security and safety devices.
