Posts tagged ‘exports’
We’re proud to announce that one of the world’s largest manufacturer of miniature ball bearings — and a major supplier of cooling fans, precision motors and electrical component — has retained Crossborder Group for a country-wide analysis of Mexico’s manufacturing markets, and new sales opportunities. While not new to the Mexican market, this California-headquartered subsidiary of a major Asian company has contracted Crossborder to provide a state-by-state review of key manufacturing sectors (including both maquiladora/IMMEX and domestic manufacturers), regional industrial insights and strategic guidance, as well as survey-based feedback from potential customers companies in order to facilitate their growth in Mexico.
On February 12, 2010, President Felipe Calderón of Mexico met with Prince Andrew of the United Kingdom to both reiterate Mexico’s interest in stronger trade and investment relationships with the UK, as well as to restate an ongoing Mexican goal of reducing their “dependence” on the United States as an export market.
In Mexico, the trade relationship with the U.S. is, by many, considered a mixed blessing: while NAFTA and the increasing integration with the U.S. economy has attracted significant foreign investment, created stronger commercial relations (and job growth), and has likely helped infrastructure modernization – it has come at the cost of Mexico being highly dependent on U.S.’ economic health. In 2008, President Calderón himself repeated the old phrase: “When the US catches a cold, Mexico gets pneumonia.”
The benefit and weakness of this relationship can be seen in Mexico’s trade data – the most recent of which covers January-November of 2009. CrossborderBusiness.com has analyzed this data, and provides a few brief observations about Mexico’s export trends in our new Crossborder Insights briefing…