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.
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Ranked the eleven worldwide for its economic
stability.
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Globalider prepares to expand in Mexico where he plans to open a network with 20 offices in 2013-2014.
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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).
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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.
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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.
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Ana Sánchez, International Consultant
of Globalider.
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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).
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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.