Why Mexico?
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It has one of the most open economies in the world.
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.
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Mexico is among the top 10 exporting countries in the globe.
More than 470 billion US dollars of exports in 2019. Almost 90% of exports are manufactured goods, therefore, not subject to commodities prices volatility.
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Attractive destination for strategic investment.
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.
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Perspective of Pacific Alliance Member
Negotiations are taking place for Singapore to become an associated member state of the Pacific Alliance.
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Solid commercial and economic association
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.
Strategic Sectors to Invest and Trade
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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.
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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.
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Agroindustry and Beverage
10th in agricultural producer. 6th in cattle producer.
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Hospitality and Gastronomy
Mexican Gastronomy has been recognized by UNESCO as an Intangible Cultural Heritage of Humanity. There are 50 Mexican restaurants in Singapore.
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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.
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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.
Why Singapore?
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World's most important maritime city.
Singapore is the world’s largest container transshipment hub, handling about one-seventh of the world’s total container transshipment (above Shanghai and Rotterdam).
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Leader in Foreign direct investment.
Singapore was the 4th country worldwide, to receive the most Foreign Direct Investment. It is the country with the most Foreign Direct Investment in China during 2021.
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Ease of doing business.
The World Bank ranks Singapore 2nd place in the world for ease of doing business. Strong legal framework and institutions as well as ranking 3rd in the world with the lowest rate of corruption according to Transparency International, make it an ideal hub for corporate headquarters and startups.
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Global Connectivity.
Singapore’s Changi Airport ranked #1 in the world from 2012 to 2020 and currently ranks 3rd according to the Global Airport Ranking Skytrax.
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Leader in Innovation
Singapore ranks 1st Place in Global Innovation Index, which measures countries by the capacity and success in innovation.
Strategic Sectors to Invest and Trade
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Electronics
Singapore has growing and vibrant electronics industry that accounts for over S$90 billion, produces 70,500 jobs and is made up of over 2,900 companies. Key areas include semi-conductors, consumer electronics and information technology.
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Biomedical
Singapore’s deep base of skilled talent, strong manufacturing capabilities and thriving research ecosystem have drawn pharmaceutical and biotechnology firms to set up their headquarters here to serve patients from around the globe, and connect with the growing Asian market.
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Logistics
Singapore as a logistics hub connect key supply chain nodes to facilitate efficient trade flow domestically and internationally. The Logistics sector generates 86,000 jobs and contributes S$6.8 billion. The industry includes sourcing of goods, manufactory, inventory, sorting, transportation and warehousing.
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Petroleum refinery & Chemicals
Singapore is the 5th country with the largest refinery capacity in the world. There are more that 1,250 chemical companies in Singapore.
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Wealth Management
Singapore has established itself as one of the leading Private banking and Wealth management sectors globally and in Asia. By the end of 2020 total assets managed by Singapore-based asset managers reached S$4.7 trillion.
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Financial Services
Singapore status as an international finance centre is backed by a sound economic and political environment, conducive legal and tax policies, reputation for integrity, and strict enforcement against crime and money laundering.