There are multiple advantages that position Mexico as a diversified economy, among which we could mention the market size of a relatively young population, where the average age is around 26 years.

The so-called demographic bonus allows the population to access a greater product and allows the possibility of saving and investment, which helps to detonate the country's economic growth potential.

The excellent geographical location allows Mexico to open business possibilities either to the United States, Canada or to Latin America with advantages far superior to other countries on the continent.

Here the legal framework of the treaties signed with its northern neighbors enhances not only proximity to demand, but also serves as the basis for the sustained effort towards internationalization, where the main entities of the country compete in a healthy way.

As an example, we see a northern area of high degree of development showing its advantages of being on the border where investments are disputed with the Bajío area, the capital and with Guadalajara where business associations together with local governments struggle to highlight their best attributes before investors.

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Another outstanding factor is the infrastructure located on Mexican soil where ports, airports, railways and highways allow efficient connections to guarantee that goods move to their final destination.

Kansas City Southern (KCS) recently highlighted the tax advantages that may exist for companies considering establishing themselves in Mexican territory, highlighting the existence of a qualified workforce.

Additionally, Mexico has 14 free trade agreements with more than 50 countries that represent more than 60% of world GDP, which allows the country wide access to markets in the 5 continents.

Situations such as that generated as a result of the pandemic have favored the pride of Mexican industrialists for what is “Made in Mexico”, taking advantage of the market dominance that China exhibited prior to the Covid.

Factors such as labor costs and the decrease in transfer costs favor relocation and nearshoring on Mexican soil, thus giving greater profitability to the products manufactured here.

Another fundamental element is the high degree of development of the manufacturing and logistics industry that since 2011 with the appearance of the first Fibras, created the foundation of a legal and institutional fabric that opened the opportunity for the arrival of foreign capital.

Of interest: Mexico takes advantage of commercial relocation

For its part, the high degree of institutionalization of the offer has broadened the range of developers and investors who compete with each other to achieve a high-quality real estate product that meets the environmental, social and corporate governance standards demanded by the occupants of the space. industrial.

The automotive, aerospace, metalworking, plastics, electronics and electrical, furniture and medical devices industries have strengthened in the country driven mainly by the development of business clusters that manage to integrate suppliers of a production chain while investing in staff training necessary to work in the plants.

Foreign direct investment has played a fundamental role, and only from January to September 2021 Mexico captured 24,831.7 million dollars, which represents a year-on-year increase of 5.7% according to preliminary figures published by the Ministry of the Economy.

For similar periods, it is the third highest amount considering online registrations, since 1999, surpassed by the levels of 2013 where 28,200 million dollars were registered, and of 2019 with 26,100 million dollars.

A meeting was recently held between the governments of Mexico, the United States and Canada where some differences regarding migration and climate change are still on the table, the latter topic being the one that would have the greatest impact on investment in Mexican soil in the coming periods. .

In summary, Mexico has a broad development horizon ahead of it in the industrial sector that must overcome the fulfillment of agreed commitments in labor and energy terms in order to achieve its true development potential.