Mr. Angel Ramirez, Deputy Trade Commissioner of Mexico at ProMexico, the Mexican Government institution in charge of strengthening Mexico’s participation in the international economy, today released an On-Demand Seminar with GlobalBusinessProfessor.com and GlobalAutoIndustry.com. Mr. Ramirez details available investment opportunities in the auto making and automotive parts industries in Mexico.
Mr. Ramirez’s On-Demand Seminar specifically identifies investment opportunities to fulfil the current demand for processes which are lacking in the supply chain for the Mexican automotive industry. Details on total market value of business opportunities for 20 industries, including stamping, foundry, forging and machining, are presented.
Seminar Presenter:
Angel Ramirez, Deputy Trade Commissioner of Mexico – angel.ramirez@promexico.gob.mx
ProMexico
In addition, Mr. Ramirez describes Mexico’s domestic market, economy, infrastructure and foreign direct investment. He presents information on Mexico’s free trade agreements, through which Mexico has access to 45 countries, and he states that in 2013 Mexico achieved a record amount of foreign direct investment, primarily in manufacturing, with the USA being the largest investor. Primary exports are described, which include light vehicles, parts and accessories for vehicles, telephones and communication equipment, transportation vehicles and computers and components. Mr. Ramirez points out that the North American Free Trade Agreement (NAFTA) has enabled Mexico to triple its automotive production since 1993, with nearly every major automaker now having production facilities in Mexico, as well as 89 out of the top 100 auto parts companies. He further states that foreign direct investment in the automotive and auto parts industries reached 4.4 billion dollars in 2014, an all-time high, with major automakers expanding their production lines.
