Presentation on theme: "Mexico…who would have thought it? Mexico Economy & Opportunities Explore to Export June 2011 Ivan Ramirez / Jonathan Clare Senior Trade & Investment Officer."— Presentation transcript:
Mexico…who would have thought it? Mexico Economy & Opportunities Explore to Export June 2011 Ivan Ramirez / Jonathan Clare Senior Trade & Investment Officer British Embassy Mexico +52 33 3630-4357 firstname.lastname@example.org@ukconsulate.org / email@example.com@ukconsulate.org
1 out of every 8 cars sold in the US is made in Mexico The richest man in the world is Mexican Most televisions and PCs sold in the US last year were made in Mexico Mexico is the world’s 7 th largest oil producer Mexico is the principal global destination for aerospace manufacturing projects Mexico is the largest producer of smartphones worldwide, and the 2 nd largest exporter of televisions
Who would have thought it? So let’s have a look at why….
Because Mexico is a huge, diverse country with immense potential
· Its dynamic economy is set to be one of the world’s top 7 by 2050 · Largest network of FTAs in the world including NAFTA, EU and Japan · Largest trading nation in Latin America: Mexico trades about as much as Brazil, Argentina, Venezuela and Chile combined · Only Latin American country in OECD
Because it is very different from what you may have thought Mexico 2011
Because of its economic strength ·The World in 2050 (GDP US$bn) Mexico
Because of its economic strength ·Stable economic growth over the last 20 years
Because of its economic strength ·IMF GDP Growth Predictions
Because of its strategic geographical advantages · Key geo-strategic position · To the north, 53 border crossings to the USA - excellent access to North America · To the south, Mexico borders on Central and South America - emerging markets with which it maintains growing trade links · The same size as Western Europe!
Because of its strong and growing infrastructure · 59 international and 26 domestic airports · New airports in Riviera Maya (planned) and Puerto Peñasco (opened 2009), expansion of others · 16 commercial ports on Pacific and Atlantic coasts with easy and quick access to the USA · Strong and improving road and rail network
Because of its strong and growing infrastructure National Infrastructure Plan worth US $226 bn launched in 2007 Major investments in: · Oil and gas · Water and sanitation projects · New suburban train lines - Mexico City, Monterrey and Guadalajara · Huge road-building and road improvement programmes · Expansion of ports in Manzanillo, Lazaro Cardenas, Veracruz All aimed at improving Mexico's competitiveness, and turning Mexico into one of the main logistics hubs in the world
Because of its natural resources · Large oil and gas reserves · 2nd largest producer of silver in the world · Significant reserves and production of gold and copper · One of the most bio-diverse countries in the world - home to 10% of all species on the planet · Huge and growing agricultural capacity · One of the worlds largest producers of – and the largest global exporter of - avocado, watermelon and papaya
Because of its people · Population of 112 million – average age 27, 50% of population under 27 · 3m students - over 250,000 are doing 2nd degrees · Over 2000 higher educational institutions · 3 times more students graduate from engineering and technology programmes than the UK · Some 1m more people become economically active each year · 88 million workers by 2040
Because of its people · Increasing income per capita · Growing middle class · English widely spoken (but Spanish is the 3 rd most spoken native language in the world) · Skilled and competitive professionals – productivity and quality levels rival those of the US & other Western economies · Competitive costs levels and good labour relations in the private sector
Because of its favourable business environment ·Bilateral Investment Treaties signed with 27 countries, among them the UK ·Competitive manufacturing, labour and transport costs ·Doing business in Mexico is 18.2% cheaper than in the US ·Number one low cost source of manufacturing goods for the US market ·35 th in the World Bank Ease of Doing Business rankings
Because of its wide range of key opportunity sectors · Aerospace - 2nd largest business aircraft fleet in the world ·Automotive industry - One of the top 10 manufacturers of motor vehicles in the world ·Financial services - Economic stability and a strong legal framework provide security and protection for investment ·Oil and Gas - Mexico one of the 7 largest oil producers in the world.
Because of its wide range of key opportunity sectors · Retail - Mexico represents 55% of the Latin America luxury goods market · Environment - Zero tariff on import of equipment that prevents pollution and promotes R&D · Information Technology (IT) – Forecast to be 2 nd in world IT destinations by 2013 · Electric and electronic - Exports over 90m mobile phones each year; a global supplier of other electronic and white goods
Business Culture in Mexico The 4 “Ps” · People · Presence · Patience · Perseverance
UKTI in Mexico ·32 professional advisors - organised in sector teams · Main office located in the British Embassy in Mexico City, and 3 regional commercial offices: Guadalajara, Monterrey and Tijuana · Directly supported over 1000 companies during FY 2009/10 and 2010/2011
UKTI Services in Mexico · Consultancy services, strategic advice · Programme Arrangement · Market Research and Briefings · Access to key public and private sector players and introductory meetings · Trade Missions · Event organisation at the Embassy, Residence or elsewhere · Press & marketing services · Sector reports · Lobbying · Inward investment services
How and why can we help? · We cover all major sectors of the economy where we see opportunities for UK companies · We understand the local business culture · Being part of the British Government, we can open doors that would otherwise stay closed · We have excellent contacts in government & industry · We work with other sections of the Embassy
Thank you! Thank you for your time and attention Come back to Mexico soon! There are business opportunities in every sector Ivan Ramirez / Jonathan Clare Senior Trade and Investment Officer / British Consul Monterrey +52 33 36304357 / +52 81 8356 5359 firstname.lastname@example.org email@example.com http://ukinmexico.fco.gov.uk www.uktradeinvest.gov.uk