MEXICO, an example of a GLOBAL ECONOMIC TRANSFORMATION.

Mexico, the second largest economy in Latin America (after Brazil), currently has an annual GDP growth of 3.9% (INEGI) and has one of the highest income per capita.

In the middle of a transition this emerging market will be, according to the OECD, one of the main economic forces in the world.

·         Ranked the eleven worldwide for its economic stability.

Globalider prepares to expand in Mexico where he plans to open a network with 20 offices in 2013-2014.

Over the past 20 years, Mexico has experienced a rapid internationalization and political regularization, maintaining special discipline regarding the public debt (achieving BBB +) and the monetary and fiscal policy in order to have greater financial and operating control of the purchasing power of the domestic currency (according to the Bank of Mexico the country has managed to keep its inflation target of 3% +/-1).

·         Commitment to promote competitiveness, integration and innovation.

Some traditional strategic sectors in Mexico are energy or tourism, but in recent years stand out the development of the automotive, Information Technology and Communication, aerospace or processed food industry, supported by creation of clusters and industrial parks.

·         Middle class following the European consumer standards.

Mexico, with a population of 120 million people, 78% of it concentrated in metropolitan areas and characterized by its multiculturalism, highlights an emerging middle class that begins to fulfill European consumer standards and demands higher added value products.

Main urban development areas concentrate productive and consumption activity (Mexico City, Monterrey, Guadalajara, Guanajuato, Valley of Mexico, Puebla or Tijuana). They require access to electricity, water and sanitation, public works and infrastructure development, waste control, public transport, airports or leisure and cultural activities services.

Ana Sánchez, International Consultant 

of Globalider.

·         Geostrategic situation.

Strategically located in North America but culturally linked to Latin America, Mexico represents a gateway to the continent. Particularly, stands out good relations with the USA, Canada and most of Latin American countries.

China, Japan, Korea are usual Mexico suppliers. In the EU, Spain is the second largest trading partner after Germany with 18% of the total trade between Mexico and the EU.

   Trade openness and internationalization of its economy.

Since the 90´s Mexico government has followed a liberalization strategy, the Mexican openness to foreign trade ratio has grown until more than 60% (exceeding China or Russia).

This promotion and modernization of its commerce is confirmed by the numerous international agreements with the major world markets. Currently Mexico has 12 Free Trade Agreements ​​with 44 countries, 28 Promotion and Reciprocal Protection of Investment Agreements and 9 Trade Agreements within Latin American Integration Association (LAIA). Moreover, Mexico actively participates in different international organizations and forums (WTO, APEC, OECD, LAIA or GATT).

·         Ease of doing business and cultural proximity to Spain.

Spain-Mexico relation has recently made a significant progress. There are already 4,300 Spanish companies in Mexico, but the Mexican economy is still growing and our country has clear advantages to penetrate the Mexican market; the common language, proximity to business culture or the good reputation of Spanish products (especially consumer goods), in addition to a variety agreements reached between the two countries offering opportunities and supporting a good business climate.

Spain is the main investor of the EU and the second of the world (after the U.S.) representing 7% of the whole international commerce in Mexico, taking part in financial services, communications, transportation and manufacturing sectors.

For Mexico the market is the world and GLOBALIDER team decided to be part of it.