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Overview

Mexico's CEOs have their say on the country's economic outlook
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Despite a challenging global political environment and subdued domestic GDP growth in 2018, participants in the survey were largely optimistic, with 65% of respondents stating that their company is likely or very likely to make a significant capital investment between mid-2019 and mid-2020. As President Andrés Manuel López Obrador’s administration aims to increase the GDP growth rate to 4%, some…

Overview

Mexico builds upon its rich history and diverse present
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Strategically located between the Americas, Europe and Asia, Mexico is one of Latin America’s largest economies, second only to Brazil. Aided by its proximity to the US market, the county has established itself as an important manufacturing and export powerhouse, due in part to extensive oil, gas and mineral reserves; public and private universities; a young population; and a booming tourism industry.…

Overview

Mexico's C-suite executives give their opinion on the coming 12 months
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Since Donald Trump’s election as US president in November 2016, Mexico’s economy has seen both uncertainty and progress. Just one fortnight after announcing that the US would lift tariffs on Mexican and Canadian steel imports, and publicly encouraging Congress to quickly pass the US-Mexico-Canada Agreement (USMCA), President Trump announced on Twitter that he would place progressive tariffs on…
Interview

Steffen Reiche, CEO, Volkswagen de México: Interview
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Interview:Steffen Reiche What are the main business, labour and logistics advantages Mexico offers to automotive and industry-related companies? STEFFEN REICHE: Mexico is a land of opportunities for manufacturing, and particularly for the automotive industry. For more than 50 years the country has been producing high-quality automobiles, and it is a key player globally. The 24 factories in…
Interview

Daniel Parfait, President, Safran México: Interview
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Interview:Daniel Parfait How do you describe the quality of the workforce that is developing in Mexico? DANIEL PARFAIT: The workforce is evolving and adapting to more demanding markets and newer technologies. The competitive advantage of a low-cost workforce is no longer sufficient, especially for countries like Mexico, which hopes to establish itself among the top-10 aerospace players worldwide.…
Interview

Francisco Cervantes, President, National Confederation of Industry Chambers: Interview
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Interview:Francisco Cervantes How can the National Development Plan (Plan Nacional de Desarollo, PND) 2019-24 improve industrial productivity and competitiveness in Mexico? FRANCISCO CERVANTES: The PND 2019-24 has good goals and the initiatives and mechanisms to achieve them, but there is still room for improvement. For instance, innovation should be one of the plan’s main priorities, given…
Interview

Camilo Serrano, General Manager for Mexico, Atlas Renewable Energy: Interview
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Interview:Camilo Serrano In what sense did the reforms enacted earlier in the decade help to boost the energy sector? CAMILO SERRANO: Although far from complete, and with considerable regulatory issues remaining, the energy reform opened the door to competition and attracted the attention of international energy companies that see Mexico as a new market with great potential. As part of the…
Interview

Juan Manuel Carreras López, Governor of San Luis Potosí: Interview
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Interview:Juan Manuel Carreras López To what extent will the Alianza Centro-Bajío-Occidente boost economic and social development? JUAN MANUEL CARRERAS: The Bajío has become Mexico’s most competitive region, due largely to its business environment and attractiveness to investors. These are strengths that will be fostered by the 2019 alliance between Aguascalientes, Guanajuato, Jalisco,…
Interview

Sergio Vargas Téllez, Secretary of Economic Development, State of Hidalgo: Interview
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Interview:Sergio Vargas Téllez In what ways is the government seeking to strengthen Hidalgo’s economic competitiveness? SERGIO VARGAS: The strategy of the government is in line with the World Bank’s ease-of-doing-business metrics: facilitating the right conditions for companies to become globally competitive, and focusing on providing access to quality, value-added services such as energy…
Interview

Jaime Chalita Zarur, President for San Luis Potosí, Employers Union of the Mexican Republic (Confederación Patronal de la República Mexicana, COPARMEX): Interview
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Interview:Jaime Chalita Zarur How competitive is San Luis Potosí’s economy in handling external economic and trade shocks? JAIME CHALITA: In 2018 the state’s economic growth was slightly over 3%. In addition to collaboration taking place between the public and private sectors in San Luis Potosí, the state holds a number of advantages to successfully address and overcome the current and…