Why to start a business in Mexico?

• Mexico is among the 12 priority countries considered within the export strategy of the Czech republic.
• Mexico is a potential market of more than 100 million of consumers.
• This emerging economy provides a stability and opportunities for growth.
• A significant liberalization of imports with a total of 12 free trade agreements involving 44 countries.
• Low inflation and permanently regulated rate Mexican peso against the U.S. dollar, Euro and other currencies.
• The Mexican governments efforts to strengthen trade relation between Mexico and EU countries.
• Also Mexico has recently considered the Czech Republic as a particularly good and solvent business partner.
• Access to the EU has increased the credibility of the Czech Republic as a partner for trade and economic cooperation.
• The Czech Republic is perceived as a partner with a stable economic environment and access to the EU market.
• Integration of the Czech Republic into the Joint Committee of the EU-Mexico strengthens the position of Czech entities in case of resolving any disputes and trade barriers

Mexico is the gateway to the world’s most important market.

• It is part of the largest economic block in the world (NAFTA).
• NAFTA Market = almost 18.7 trillion dollars (FMI).
• Mexico has a network of free trade agreements which grants preferential access to 45 countries (almost 1.2 billion people).
• It is an ideal export platform to reach two thirds of global Gross Domestic Product (GDP).

Mexico is an important attraction pole for investment.

• In 2013, Foreign Direct Investment (FDI) is expected to reach 35 billion dollars, higher than the levels registered in 2012.

Mexico ranks 9th among the 25 most attractive countries for investors worldwide, according to consulting firm A.T. Kearney’s FDI Confidence Index 2013.

• Mexico outdid Japan, Russia, France, Switzerland and Poland, among others, in this Index.

Mexico is a competitive destination.

• Mexico holds vast amounts of productive knowledge. The country manufactures and exports a large number of sophisticated goods.
• Mexico ranks in the top 20 of Harvard’s Atlas of Economic Complexity.
• The Index of Technological Sophistication (OECD, 2010) for Mexican export products (3.25) is the highest in Latin America, surpassing India (2.61) and Brazil (2.49)

Mexico offers modern and world-class infrastructure.

• 100 billion dollars will be invested by the federal government during 2013-2018. This important investment is outlined in the Transport and Communications Infrastructure Investment Program 2013-2018.
• 45% of this investment will be used to modernize and upgrade transport infrastructure, while 55% will be used for telecommunications.

Mexico offers competitive costs in North America.

• AlixPartners’ Manufacturing Cost Index 2013 places Mexico as a highly competitive country in terms of costs, surpassing China or the United States for products like manufactured and assembled parts, as well as consumer products.
• Mexico was the most competitive country (among 33 nations) in terms of manufacturing compensation costs and taxes, according to the Global Benchmark Report 2013 published by the Confederation of Danish Industry.
• Mexico is 21% more competitive than the US in the total cost of doing business across 19 industries, according to KPMG.

Mexico has a favorable business environment.

• Mexico is one of the best places for doing business in Latin America.
• Ranked 48th in the World Bank’s “Doing Business 2013” report.
• Investors only need nine days and six procedures to open a business.
• Mexico had its best ranking in the World Economic Forum’s Global Competitiveness Report 2012-2013.
• The country climbed five positions, from 58th to 53rd place.
• Mexico climbed five positions in the 2013 World Competitiveness Yearbook done by IMD.
• It ranks above countries like India, Brazil and Russia.

Mexico has a young, talented and skilled population.

• According to the 2010 Census, Mexico has 112.3 million inhabitants and a median age of 26.
•  More than 110,000 engineers graduate every year.
• Economically Active Population (EAP): 50.2 million people (INEGI, I-2013).
• Currently, the EAP represents 64% of total population, a rate that will remain for over two decades.
• By 2025, Mexico will reach the lowest dependency index (children and senior citizens / EAP).
• According to SHL Group’s Global Leadership Study (2012), Mexico will be the greatest source of future leaders.