Mexico boasts a number of advantages that make the country an attractive destination for business development and have positioned it as one of the most appealing options for foreign investment. In 2019, Mexico received 32,921 million dollars of Foreign Direct Investment (FDI), the greatest contribution was from the manufacturing industry.
Mexico is one of the most important and open economies in the world. Through its Network of Trade Agreements, it has currently privileged access to 46 countries. In addition, it has the ability to import and export to any place in the world thanks to its logistic centers and its privileged location that grants access to the Pacific and Atlantic oceans through the Gulf of Mexico.
Mexico is part of the United States-Mexico-Canada Agreement (USMCA), the largest free trade area in the world, where more than a quarter of the world's Gross Domestic Product (GDP) is produced.
It has a great infrastructure: 64 international airports; 63 border crossings; 68 deep-water ports and coastal sailing; 27,000 kilometers of railroads and 372,000 kilometers of land routes.
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Mexico has a high capacity to generate advanced manufacturing. It is a leading export country in Latin America.
It is ranked as the 19th most complex country in the Economic Complexity Index (ECI). In recent years, Mexico has advanced in areas such as research, development and technology transfer and industrial automation, to name a few. The country has high value-added products and widely developed economic sectors, such as automotive, aerospace, electric-electronic, among others. The country is prepared for Industry 4.0.
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Human capital is a great advantage in Mexico. The country has the largest working age population and a domestic market that exceeds 120 million inhabitants.
Mexico hosts the largest university in Latin America. 113,994 engineers graduate nationally each year. Mexican professionals are highly trained. It is estimated that six out of every 10 PSP-certified developers in the world are Mexican.
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Mexico is one of the most competitive countries in terms of cost and taxes. Opening a business in the country needs only six requirements and takes merely six days.
Mexico’s Position as a World Class Trader:
• 1st Place in Patents Granted
• World´s Leading Exporter of Flat-Screen TVs
• World’s Leading Exporter of Two-door Refrigerators with Freezer
• Largest Exporter of Medical Devices in Latin America
• World’s Leading Producer of Organic Coffee
• World’s Leading Exporter of Papaya and Avocado
• World’s Largest Silver Producer
• Second-Largest Wind Energy in Latin America
• Third-Largest Exporter of IT Services
• Fourth-Largest Exporter of Auto-Parts Globally
• Fourth Best Location for Software Development
• Fifth-Largest Exporter of Computers
• Tenth-Largest Exporter of Cellphones
• Sixth-Largest Exporter of Global Aerospace Exports to the United States
• Seventh-Largest Producer of cars
• Fourth-Largest Exporter of Cars
• Near-shoring Strategies for Top Companies.
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