MEXICO: An Investment and Trade Destination

Mexico has access to 46 countries through its Free Trade Agreements. Mexico’s FTAs give privileged access to 61% of the world’s GDP 1.2 billion people.

It has one of the most open economies in the world.

More than 470 billion US dollars of exports in 2019. Almost 90% of exports are manufactured goods, therefore, not subject to commodities prices volatility.

Mexico is among the top 10 exporting countries.

The recent entry into force of the United States-Mexico-Canada Agreement (USMCA), represents an important opportunity for Singaporean and regional companies seeking to participate in global value chains in North America, where Mexico is an attractive destination for strategic investment.

Attractive destination for strategic investment.

Negotiations are taking place for Singapore to become an associated member state of the Pacific Alliance.

Pacific Alliance Member (PASFTA)

During the last official visit of Singapore’s Prime Minister Lee Hsien Loong to Mexico last November 2019. Prime Minister and President Andrés Manuel López Obrador promised to consolidate a solid and strategic commercial and economic association between the two regions.

Solid commercial and economic association

MARKET HIGHLIGHTS

Strategic Location

Mexico's geographical proximity to the United States provides unparalleled access to the world's largest consumer market. This strategic advantage translates to reduced transportation costs, faster delivery times, and enhanced supply chain efficiency for businesses operating in Mexico.

Extensive Trade Network

Mexico has a robust network of free trade agreements, including the United States - Mexico - Canada Agreement (USMCA), which grants preferential access to key global markets. This framework reduces tariffs and trade barriers while positioning Mexico as an attractive destination for strategic investment, offering Singaporean and regional companies opportunities to integrate into North American and global value chains.

Economic Growth and Stability

Mexico's economy demonstrates consistent growth, driven by a diversified industrial base, increasing domestic demand, and a stable macroeconomic environment. Investment in key sectors such as manufacturing, technology, and tourism is fueling economic expansion and creating attractive opportunities for investors.

Skilled and Competitive Workforce

Mexico offers a highly skilled and cost-competitive workforce, capable of meeting the demands of diverse industries. Mexican professionals bring technical expertise and adaptability that fuel innovation, efficiency, and sustainable growth.

Autoparts and Equipment

Sixth larger producer of light vehicles in the world. 90 of the 100 most important auto parts companies worldwide operate in Mexico. World’s 4th largest exporter of light vehicles.
Electrical and Electronic Goods

World’s 2nd largest exporter of flat TV screens. World´s 3rd largest exporter of computers. Mexico accounts for 9 of the 10 main electronic manufacturing companies.
Agroindustry and Beverage

10th in agricultural producer. 6th in cattle producer.
Hospitality and Gastronomy

Mexican Gastronomy has been recognized by UNESCO as an Intangible Cultural Heritage of Humanity. There are 50 Mexican restaurants in Singapore.
Infrastructure

The World Bank (WB) highlight Mexico’s capacity to prepare, procure and manage public-private partnerships. Mexico is one of most prepared countries in this matter.
The startup ecosystem

And venture capital culture started in Mexico around 10 years ago, and, since then, growth has been exponential. Mexico’s startup ecosystem has an extremely positive outlook, which is made clear by its success stories like SEA Group (Singaporean start-up Unicorn) that has important operations and expansion projects in Mexico.