The Ministry of Finance and Public Credit (SHCP) presented a financing scheme for the reconfiguration of global value chains, that is, to detonate the nearshoring trend, especially in the south-southeast of Mexico.

The resources will be available to companies through the Development Bank (Nacional Financiera), with an initial line of credit from the Inter-American Development Bank (IDB) of 200 million dollars (mdd). In addition, three million non-reimbursable resources will be offered, which will enhance the assets that the institution has.

Although the resources will be available to companies interested in nearshoring throughout Mexico, SHCP undersecretary Gabriel Yorio explained that priority will be given to the development of the south-southeast of the country.

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Specifically, it is planned to promote the Tehuantepec Isthmus Interoceanic Corridor. This project of the Federal Government will have 10 industrial parks and plans to be inaugurated at the end of 2023.

According to SHCP data, with the investment in the southeast, the region will be able to access the Asia-Pacific commercial market. Which has an estimated value of 8.9 million dollars.

In addition, it will reduce the costs and times of maritime transport between both global regions.

Likewise, Yorio explained that the authorities have contemplated an investment package of 120 billion pesos in the region, to strengthen economic growth.

Under the premise of continuing with the announced collaborative work, the government will carry out a mission to visit the development poles of the Corridor. They will visit Coatzacoalcos, Tehuantepec and Salina Cruz, in conjunction with the IDB, on July 7 and 8 of this year.

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Mexico is one of the most attractive countries for the relocation of companies due to various competitive advantages, such as geographical location, various free trade agreements and its human capital.

An IDB study estimates that the country's short- and medium-term potential gain from nearshoring is 35 billion dollars, which is equivalent to 2.6% of GDP, derived from new merchandise exports.

However, an analysis by Swiss financial services company UBS showed that macroeconomic data still does not show a change in terms of investment or activity.

“If transactions outside the industrial sector are discounted, FDI would still be below pre-crisis levels. The border and lowland states, the main manufacturing regions of Mexico, are not growing,” the study concluded.

In Solili you can consult industrial warehouses available in Ciudad Juárez, Tijuana and Reynosa 

Original note