Global Companies Manufacturing in Mexico
Global Companies Succeeding by Manufacturing in Mexico
Mexico is the United States’ second-largest export market and third-largest trading partner. Many large global companies have chosen to locate significant manufacturing operations in Mexico, particularly along the U.S. Mexican border. This is the case because of the low cost labor market in Mexico, yet with the close proximity to the U.S. consumption markets. Many of the raw materials used in Mexican manufacturing facilities are sourced from the U.S. Top U.S. exports to Mexico include electronic equipment, motor vehicle parts, and chemicals. Mexico is an active and constructive member of the World Trade Organization, the G-20, and the Organization for Economic Cooperation and Development. The Mexican Government and many businesses support a Free Trade Area of the Americas through The North American Free Trade Agreement, NAFTA. This economic zone is expected to thrive for many years into the future.
The U.S. and Mexico are partners in NAFTA, and enjoy a broad and expanding trade relationship. Since the first North American Leaders’ Summit in 2005, the United States and Mexico have cooperated more closely to improve North American competitiveness, ensure the safety of their citizens, and promote clean energy and a healthy environment.
The scope of U.S.-Mexican relations goes far beyond diplomatic and official contacts; it entails extensive commercial, cultural, and educational ties, as demonstrated by approximately one million legal border crossings per day. In addition, over a million American citizens currently live in Mexico. More than 18,000 companies with U.S. investment have operations there, and the U.S. accounts for more than 40% of all foreign direct investment in Mexico. Along the 2,000-mile shared border, state and local governments interact closely. Operating and manufacturing in Mexico’s border region may be relevant for your company as well.
Partial list of large global companies successfully manufacturing in Mexico:
Should you desire to explore joining this elite group of companies manufacturing in Mexico, please call us to discuss how we can help you set up in as little as 6-8 weeks. TACNA can be reached at 619.661.1261. Our team of more than 50 people is eager to help you succeed. See our industries served for more information.