The tenth Summit of North American Leaders takes place in Mexico City from January 9 to 11 with the presidents of Mexico and the United States, together with the prime minister of Canada.

The three countries at the head of the Treaty between Mexico, the United States and Canada (T-MEC) have before them the opportunity to detonate the competitiveness of the region, which currently contributes 28% of global GDP and represents an economic bloc 50% larger than China. and 55% greater than the European Union.

Of interest: For the second consecutive year, Monterrey led industrial demand in Mexico

In addition, the volume of trade between Mexico, the United States, and Canada represents 6% of all traditional trade in goods between countries in the world; this amount represents about half of all that China trades with the world.

According to the Mexican Institute for Competitiveness (IMCO), a starting point to take advantage of the situation is to build an agenda that allows the region to take advantage of the opportunities offered by nearshoring.

The productive and commercial strength of North America, its infrastructure (mainly that of the United States and Canada), its demographics, and its network of trade agreements boost the region's potential to generate, attract, and retain talent and investment.

Russia's invasion of Ukraine, the energy crisis in Europe, the zero covid policy in China, as well as the trend towards regionalization of value chains, make North America an attractive destination compared to its competition in Europe and Asia. 

Check here: Unstoppable industrial demand in Mexico, reported historic levels during 2022

IMCO calls for deepening and expanding ties between North American countries beyond production, also focusing on strengthening the rule of law, developing excellent logistics, competitive energy infrastructure and human capital, all This is to guarantee access to inputs created in the region.

Conceiving the relationship between Mexico, the United States and Canada not only as partners, but also as allies, involves promoting from the highest spheres a vision of North America where the three countries understand the benefits and opportunities of belonging to this region.

In Solili you can consult industrial warehouses available in Querétaro and Guanajuato

Original note