Are you planning to start up operations in Mexico but you are not sure about the benefits or risks?
Mexico it's one of the most competitive countries in the world due to its macroeconomic and political stability, low inflation, economic growth and low labor costs. Here are the main benefits of taking your manufacturing company to Mexico:
- Ubication: it has a proximity to large markets in the US and Latin America. In fact, Mexico has a 3,000km border with the US, which allows for low transportation costs to the North American market. There are 52 access points between the US and Mexico.
- Skilled labor: skilled, available and affordable workforce; up to 80% in labor cost savings. Also it has high technology training centers.
- Cost savings: tariffs savings due to Mexico's Free Trade Agreements with 46 countries and also there is no VAT and no income TAX.
- Shelter services program: they have a developed "soft landing" culture to help international manufacturers to start up operations in Mexico with fast-track, risk-free shelter programs.
Some key manufacturing industries in Mexico are:
- Aerospace
- Automotive
- Medical
- Electronics
- Home Appliances
- Textile
In conclusion, Mexico has an open economy that guarantees access to international markets through a network of free trade agreements. The country boasts a strategic geographic location and competitive costs to service global markets, as well as a highly-skilled, young workforce.
If you want to know more information about manufacturing in Mexico or planning to start up operations, visit the next website: http://www.americanindustriesgroup.com/
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