Doing Business in Mexico
Mexico is a large open economy that has become an important part of the global supply chain, thanks to its large network of free trade agreements. A number of foreign companies are re-shoring their manufacturing operations from China to Mexico to better access the US market and lower costs.
Measures have been taken to improve Mexico’s business climate, and access to international arbitration is guaranteed by law and NAFTA. The country offers a welcoming environment for foreign investors in almost every sector except energy. Recent fiscal reform will lead to higher royalty taxes for mining companies.
Mexico’s large population makes it a rich source of opportunities for Canadian businesses. Since the entry in force of the North American Free Trade Agreement (NAFTA) in 1994, bilateral trade between Canada and Mexico has more than quadrupled reaching almost USD$30bn in 2012.
Mexico is Canada’s fifth-largest export market and third largest trade partner. There are an estimated 2,500 Canadian affiliates based out of Mexico, the largest ones being Goldcorp, Bombardier and Scotiabank. Given Mexico’s commitment to free trade Canadian investors and exporters can also gain immediate access to over 40 markets across the world with which Mexico has signed trade agreements.
The Mexican Senate and the House of Representatives passed the Energy Reform on December 12th, 2013. A week after, President Peña Nieto signed the Energy Reform. more...
Canada – Mexico trade exceeded USD$35.4 million in 2012, an increase of 829% in the NAFTA era. more...
Canada is the fifth largest investor in Mexico. Currently, more than 3,000 companies in Mexico operate with Canadian capital. more...
Citzenship and Immigration announce CAN+ - CIC Minister Chris Alexander announced a program to allow Mexican visitors to Canada an expedited process of obtaining travel permits if they have been in the country in the previous ten years. more...
Bombardier opens Can/Am facility in Juárez - BRP Inc. reinforced its presence in Mexico by investing in a new facility in Juárez, Mexico, to expand its Can-Am product offering and meet future demand in off-road segments. more...
Signing of the Canada-Mexico Air Transport Agreement - Prime Minister Stephen Harper and Enrique Peña Nieto, President of Mexico, witnessed the signing of the expanded Canada-Mexico Air Transport Agreement. more...
PM welcomes Agreements that promote new trade opportunities between Canada and Mexico - Prime Minister Stephen Harper and Enrique Peña Nieto, President of Mexico, today witnessed the signing of two agreements that will facilitate trade and investment between Canada and Mexico. more...
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WHY MEXICO? (ProMexico)
Mexico is one of the most competitive countries in the world and an open economy that guarantees access to international markets through a network of free trade agreements.
MEXICO: A PRIORITY MARKET WITH BROAD CANADIAN INTERESTS – DFATD CANADA
Mexico an “Accessing emerging markets with broad Canadian interests”. Under Canada’s Global Markets Action Plan, the federal government classifies Mexico among the emerging markets that posses the best potential for broad Canadian commercial interests. more...
Mexico: Canada’s Priority Market (Facts Sheet)
Source: Department of Foreing Affairs, Trade and Development Canada.
Interested in doing business in Mexico? For more information on how CME can help your business succeed in this important market,
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