Agustin del Valle from UKTI Mexico provided an overview of the business environment and key sectors for Northern Ireland companies considering Doing Business with Mexico
2. Mexico – Business Overview 2
Key geo-strategic
position
· To the north, 53 border
crossings to the USA.
· To the south, Mexico borders
Central and South America -
emerging markets with which
it maintains growing trade
links.
· The same size as Western
Europe!
3. Mexico – Business Overview
3
Attractive Business Environment
• 53rd
in World Bank the Ease of Doing
Business rankings, above most Latin
American countries and all BRICs
• Lowest cost country for the outsourcing of
manufacturing operations
• Population over 112M, median age 26
Mexico Overview
Sources: OECD, World Bank, Alix Partners
4. Mexico – Business Overview
4
Mexico in the world
GDP per capita (current US$)
Sourcs: IMF
5. Mexico – Business Overview
5
Key Sectors in Mexico
Aerospace
• Mexico’s aerospace sector has grown around 20% annually for the last 7 years
• Mexico is now the 3rd largest global exporter in the sector
Healthcare
• It is believed that in 2012 expenditure in this sector reached US$70.4 billion
• By 2017 it is expected to reach US$103.4 billion according to PWC Mexico
Retail
• In recent years the retail sector has grown faster than GDP, performing well in
categories such as department stores and specialised retailing
6. Mexico – Business Overview
6
Key Sectors in Mexico
Infrastructure
• Mexico is spending about 5% of GDP on infrastructure.
• President Peña Nieto’s plan includes important projects, such as new passenger
trains and the expansion of the port of Veracruz.
Energy
• In December 2013 the Mexican government approved reforms to modernise the
country's energy sector. This law includes measures to open the Oil and Gas
industry to private and foreign investment through cash, profit sharing and production
contracts.
8. Mexico – Business Overview
GREAT campaign in Mexico
8
Various campaigns organized by the British Embassy have enabled
consumers to learn more about traditional food and drink.
The number of British brands in Mexico has increased significantly.
9. Mexico – Business Overview
Brand Positioning: Showcasing Events
9
British companies visited Mexico throughout a Trade Mission to Mexico,
presenting their products to the public in some of the most important Food
& Drink trade shows .
ANTAD 2015
Guadalajara
CERVEFEST 2015
Mexico City
10. Mexico – Business Overview
Brand Positioning: Showcasing Events
10
In June 2015 Walmart
customers were able to taste
some of the most iconic
products from the UK as part of
'Sabores Británicos ’.
•45 stores across Mexico
•More than 70 British products
11. Mexico – Business Overview
Brand Positioning: Showcasing Events
11
“A Taste
of Britain”
12. 2015: Year of UK and
Mexico
Mexico – Business Overview
12
• Showcasing the best of British and British-Mexican collaborations in culture
(arts and creative economy); education, science and innovation; and business
in action (trade and investment)
Celebrating a new era
in UK-Mexico
relations.
13. Mexico – Business Overview
UKTI Mexico
• 30 professional advisors -
organised in sector teams
• Main office located in the British
Embassy in Mexico City, and 3
regional commercial offices:
Guadalajara, Monterrey and
Tijuana
13
14. Mexico – Business Overview
14
HUGEHUGE
COUNTRYCOUNTRY
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COUNTRYCOUNTRY
CulturalCultural
RichnessRichness
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RichnessRichness
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With 14 FTAs with
countries +45 countriesOpennessOpennessOpennessOpenness
A country of tradition and cultural
richness, Mexico mixes cultural traits of
European and Amerindian descent.
Mexico is a bridge between two
regions: North America and the huge
cultural continuum that is LatAm.
It reunites characteristics
of both of them.
Mexico’s almost 2 million square km. grant the country
access to numerous natural resources as well as a
9,330 km border with the US.