Strategic Location: Mexico’s proximity to the United States and Canada positions it as a prime hub for businesses looking to expand in North America. It also offers access to Latin American markets and has free trade agreements with more than 50 countries, including the USMCA (United States-Mexico-Canada Agreement) and the EU.
Competitive Labor Costs: Compared to other North American countries, Mexico offers lower labor costs, especially in manufacturing and logistics, while maintaining a skilled workforce. This makes it an ideal location for companies seeking cost-efficient production.
Robust Manufacturing Base: Mexico’s manufacturing sector is well-established, particularly in industries such as automotive, aerospace, electronics, and medical devices. The country has a mature supply chain and strong industrial infrastructure, facilitating quick scaling of operations.
Nearshoring Opportunities: The global trend toward nearshoring has made Mexico even more attractive for businesses, especially those seeking to reduce supply chain risks and shorten lead times. Its integration into North American supply chains ensures that companies can deliver products faster to key markets like the U.S.
Skilled Workforce: Mexico boasts a young, educated workforce with expertise in industries like technology, engineering, and manufacturing. Companies can tap into a growing pool of talent for technical and professional roles.
Government Support: The Mexican government offers various incentives for foreign companies, including tax incentives, special economic zones, and infrastructure investments, particularly in sectors like energy and logistics INVESTMENT MONITOR
North American Economy
Improved Logistics and Infrastructure: With ongoing improvements in transportation, energy, and telecommunications, Mexico supports efficient distribution networks and connectivity between production facilities and export markets.
These advantages make Mexico a top destination for companies aiming to expand their global footprint.