Thanks to its proximity to the United States, Mexico has become an attractive investment hub. This year, the upcoming presidential election will play a pivotal role in shaping the nation’s future. This election presents a new opportunity to reassess, strategize, and institutionalize nearshoring as a growth driver for the Mexican economy.
In this context, companies seeking to establish themselves in Mexico will undoubtedly seek expert advice on the basic yet complex aspects of doing business in the country. The ability to adapt to the country’s unique realities will be paramount.
As we enter the fourth year of the USMCA, Mexico has surpassed China as the main business partner of the US. Key industries such as automotive, electronics, medical devices, technological services and aerospace continue to thrive, bolstering this commercial relationship. Furthermore, companies worldwide recognize the need for diversified supply chains. Mexico’s manufacturing capabilities align well with this trend, positioning the country favorably to seize the opportunity.
We hope that this guide will give you an initial perspective into the fundamentals of ramping up operations in Mexico. However, tailed solutions are required to minimize risks and maximize rewards. And as we have done for the past 75 years, Baker McKenzie is uniquely situated to support these complex and challenging projects. We look forward to engaging with you in the near future.
