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Mexico
Mexico is a major Latin American economy, a member of the US-Mexico-Canada Agreement
(formerly the North American Free Trade Area), one of the world's most open economies, and
has signed free trade agreements with 52 countries. It has a complete range of industries,
including relatively developed petrochemicals, electricity, mining, metallurgy and manufacturing.
It is a traditional agricultural country and the origin of corn, tomatoes, sweet potatoes and tobacco.
Advantages and potential:
Excellent geographical location: Mexico is located in North America, close to the United States and
Canada, and has a unique geographical advantage. This makes Mexico a bridge connecting the
North American and South American markets.
Trade Agreement: Mexico has signed free trade agreements with many countries, including the
North American Free Trade Agreement (NAFTA, now updated to the US-Mexico-Canada
Agreement USMCA), the European Union, Japan, etc. The trade agreement facilitates trade
between Mexico and these countries and reduces tariffs and trade barriers.
Rapid economic development: In recent years, Mexico's economy has maintained steady growth
and has become an economic power in Latin America. This provides entrepreneurs with a good
economic environment and development platform.
Huge consumer market: Mexico has a population of nearly 130 million and has huge potential
in the consumer market. With the rise of the middle class, the demand for imported goods has
increased year by year, providing huge business opportunities for foreign trade.
The Internet community is huge: As of the beginning of 2023, there are more than 100 million
Internet users. In 2022, more than 63 million people in Mexico purchased products or services
online, an increase of 1.7 times in 5 years.
The growth rate of e-commerce is as high as 23%: As one of the fastest growing e-commerce
markets in the world, the sales of the Mexican e-commerce market in 2022 was 528 billion pesos,
an increase of 23% compared with 2021. The growth trend will continue in the next few years.
Our Mexican project party has many years of experience in the Mexican market and has a full
and detailed understanding of the local market. It has always had close cooperation with the
Monterrey Municipal Government, the industrial center of Mexico. At the same time, it cooperates
with a local industrial zone real estate developer. The partner has thousands of acres of land
in Mexico for manufacturing and distribution, and can invest in building factories. In addition,
for Chinese goods entering the Mexican market, it can provide e-commerce platform channels,
warehousing and transportation services, and the platform covers the Central American and
South American markets.