Doing Business In Mexico

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Opportunities

Free Trade Agreements

Mexico currently has free trade agreements with 44 countries in three continents, more than almost any other country in the world. Mexico is expected to continue expanding its network of agreements to diversify its export markets and to attract Mexican and foreign enterprises to invest and reap the benefits of joint production in a strategic location.

EU-Mexico Free Trade Agreement

The EU-Mexico Free Trade Agreement allows British industrial goods and other qualifying exports to enter Mexico, tariff free. This agreement also guarantees access to public tender offers in Mexico for EU companies.

North American Free Trade Agreement (NAFTA)

NAFTA is the free trade agreement between Canada, Mexico and the United States of America.

Since the advent of the EU-Mexico free trade agreement, British manufacturers have been able to export industrial goods to Mexico on equal terms to those enjoyed by American and Canadian exporters, as they do not pay Mexican import duties. NAFTA may also present advantages for British companies, particularly in the absence of a free trade agreement between the EU and the United States. By establishing themselves in Mexico, British companies can use Mexico as a low-cost manufacturing base with direct, duty-free access to the largest consumer market in the world, the United States.

NAFTA has led to the creation of numerous manufacturing operations based in Mexico that are able to supply the USA and Canadian markets. Excellent export opportunities exist for British tier two and tier three manufacturers who already supply similar operations in Europe to supply these operations in Mexico.


Why Mexico?

With a population of 112 million people, including a large and growing middle class, Mexico is a significant potential consumer market. It is the UK's second largest export market in Latin America after Brazil and it is the number one receptor of Foreign Direct Investment in Latin America. In fact, the UK is one of the largest investors in Mexico and demand for UK goods and services extends across the economy from sectors as diverse as education and infrastructure to food and drink.

The Mexican Government is actively working to reduce bureaucracy and improve competitiveness, and is driving forward reforms to attract new investment and diversify trade and many of the potential pitfalls can be avoided with adequate preparation.

UK Trade & Investment helps companies of all sizes do business in Mexico through a network of international trade teams based in the English regions and devolved administrations. In Mexico, there are dedicated trade & investment teams based in Mexico City, Monterrey, Guadalajara, and Tijuana.


Join the Most Successful Businesses

For UK-based companies wishing to develop their business in Mexico, UK Trade & Investment can offer: specialist guidance, market reports, sales leads and programme arranging services, assistance with the organisation of promotional events and publicity as well as access to its local network of contacts.

For more information please contact the UK Trade & Investment team in Mexico. Sector contacts are listed on the relevant sector pages. For general enquiries the contact details are:

Tel: +52 55 1670 3200

Web: www.ukti.gov.uk/mexico

General email address: UKTIMexico@fco.gov.uk

Source - UKTI

 

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