Your Strategic Partner 1
What is ProMéxico? Mexican government entity with three main objectives : Attract Foreign Investment Foster Internationalization of Mexican companies Boost Mexican Exports 2
Our Network of Offices in Mexico Tijuana Juárez Chihuahua Saltillo Hermosillo Monterrey Torreón SLP Culiacán Silao Durango Querétaro Zacatecas Pachuca Aguascalientes Mérida Guadalajara Morelia Tlaxcala Tecamachalco Toluca Cuernavaca Cancún Distrito Federal (Oficinas Centrales) Puebla Tuxtla Oaxaca Veracruz Campeche Gutiérrez 29 Offices of ProMéxico 3
Global Network of Trade Offices North America Asia, Middle East and Oceania Boston Beijing New Delhi New York Chicago Phoenix Doha Seoul Dallas San Francisco Dubai Shanghai Detroit Seattle Hong Kong Singapore Houston Toronto Kuala Lumpur Taipei Los Angeles Vancouver Washington Miami Melbourne Tokyo Montreal Europe and Africa Latin America London Berlin Madrid Bern Bogotá Munich Brussels Buenos Aires Milan Casablanca Guatemala Moscow Frankfurt Havana Paris Istanbul Lima stockholm The Hague Santiago de Chile Sao Paulo 48 31 4 ProMéxico offices in countries
Demand based projects Exports Promotion Supply based projects Internationalization Expansion overseas International Promotion Programas Identification of Suppliers Partnership with Supplier Development Multinationals International Promotion Investment Aftercare Atracttion Softlanding 5
Support for US companies 6
Investment Outlook
Mexico as an Investment Destination 1 • Macroeconomic Stability 2 • Strategic Location 3 • Committed to Free Trade 4 • Large Presence of FDI • Strong Manufacturing & Competitive 5 Costs 6 • Growing Dosmestic Market 7 • Structural Reforms 8
1. Solid Macroeconomic Stability
2. Strategic Location: 1,864 mile border with the United States Mexico shares with the U.S. a border of more than 1,860 miles. 10
3. Open Economy Committed to Free Trade With FTA Mexico has privileged access to 46 countries, more than 1,200 million people FTAs with 46 countries TPP 6 economic complementation agreements With the TPP, Mexico will increase its presence in Australia, Brunei, Malaysia, New Zealand, Singapore and Vietnam. Source: ProMéxico with information from Brazil: OAS; China: Chinese Ministry of Commerce; Colombia: Colombian Ministry of Commerce; United States: Office of the US Trade Representative; Chile: Direcon; Mexico: Ministry of Economy.
3. Mexico as part of NAFTA • NAFTA market= 20.5 trillion USD. • Not only a FTA • Provisions for Investment Protection and IPR. • Mechanism for Resolution of disputes. In addition to FTA; Mexico has BIA with 29 countries 12 Source: ProMéxico with information of SCT/ US Department of Transportation.
4. Significant Presence of Foreign Direct Investment
5. Mexico is Leader in Key Manufacturing Sectors 4 th 5 th Automotive Exporter of Exporter Computers Top Destination Aerospace Leading Flat 10 th Television Exporter Manufacturing Investment Exporter of Cellphones 3 rd Largest Exporter 380 billions in exports in 2013 IT in the World 50% in medium and high-tech manufactures 1 st exporter of Top Destination for Medical Devices in LATAM Engineering & Research Talent Source: ProMéxico with information of FEMIA, GTA, AMIA and OICA.
5. Mexico’s a country of competitive costs Average production cost index Labor Electricity Natural gas Others 4 points above China. Smallest China United Korea Italy Belgium Canada Mexico India Australia Brazil Indonesia Sweden Czech Largest exporter States Republic United exporter Germany Japan France Holland Kingdom Russia Taiwan Switzerland Spain Thailand Poland Austria 15 Source: ProMéxico with information of BCG Perspectives.
6. Growing Domestic Market
7. Structural Reforms with significant impact in GDP & Competiveness Forecasts of structural reforms effect on GDP Growth, (%) 4.4 - 4.9% +0. 3% +1% +0. 5% 2.5 - 3% +0.1% Natural GDP Labor Telecom Energy Financial New Natural Growth Rate Reform Reform Reform Reform GDP (2013) Growth Rate (2018) Source: ProMéxico with information of SHCP.
7. Most significant changes: Energy & Telecommunications Sectors • New legislation allows PEMEX to partner with private sector firms. Energy • Oil Fields are now open to outside exploration & development. • Reforms to improve competition and diminish concentration in sector. Telecommunications • Creation o a new constitutionally autonomous regulator 18
Business & Investment Opportunities Automotive Energy Telecommunications Medical devices Franchises Environmental Infrastructure - Construction New technologies Education – Training
www.promexico.gob.mx Edmundo.gonzalez@promexico.gob.mx Head Of Houston Office
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