NAFTA Canada’s Reasons for Investing in Mexico

Published on: Jul 30 2013 by Thomas Lloyd

Mexico’s extensive worldwide trade networkHere’s some interesting info from NAFTA’s office in Canada, offering a different perspective on Mexico’s investment potential – one that I haven’t thought about much:


• Mexico is reducing import tariffs from 13% to 5% from 2008 to 2013, and has also implemented programs for trade simplification through which products with zero tariffs will increase from 20% in 2008 to 63% in 2013. This reduction of duty rates will benefit products such as steel, shoes, fabrics, apparel, automotive and chemical.


• Mexico has a domestic market of more than 112 million people.


• Preferential access to the most important markets worldwide through one of the largest networks of commercial and free trade agreements (43 countries) makes a potential, accessible market with over one billion consumers, which represents two-thirds of the world imports and 64.9% of the world’s GDP.


Read the entire article here.


Mexico Insurance Kit

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