Global Business Network: Mexico
Date: 18 Jun 2019
Time: 1:30 PM - 4:00 PM
Laura Atkinson, Head of the Commercial Section at the British Chamber of Commerce in Mexico, is spending a full day at SITC to advise UK companies seeking to enter the Mexican market. Her advice will be specific to your business needs and will assess your readiness to export to this exciting and growing market.
We encourage any business who are interested in expanding their international portfolio into the Mexican market, to attend. Whether it’s navigating the legal challenges, finding a local partner or getting frank advice on how to best position a product or service, this event will be able to provide practical support and advice.
If you would like to discuss the opportunities for your company in Mexico and book an individual appointment (30 minutes), register via the form below or contact firstname.lastname@example.org. Please note that places are limited.
Mexico is the second largest economy in Latin America, with a higher GDP per capita than any of the BRIC countries. It is also ranked highest in Latin America by the World Bank in terms of Ease of Doing Business. It boasts powerful, global cities with different sector hubs making it an ideal investment and trade hub. Mexico offers an abundance of business opportunities across various industry sectors. With a population of over 130 million and a growing middle class, there is a huge market for British goods, which is about the same size as the whole of Western Europe.
Today, Mexico is the world’s 15th largest economy and is forecasted to be seventh by 2050 (PwC). As a country, it has the largest number of free trade agreements (FTA) in the world and both the British and Mexican governments have indicated that continuing free trade between both countries will be a priority following Brexit. In April this year, the EU and Mexico agreed to an updated FTA that would open up virtually all goods to tariff free trade – including agricultural goods and easier access to government tenders.
- The energy reform of 2013 opened both the oil and gas and electricity markets to international players – including BP, Shell and BHP Billiton and today we are seeing more activity as round winners explore their respective blocks
- The Mexican government committed to sourcing 35% of power from clean sources by 2024 and the recently elected government has a focus on distributed generation
- Mexico’s manufacturing sector has seen solid growth over the past years, thanks to low average labour costs, a skilled and youthful workforce and fiscal incentives – particularly in aerospace, automotive, electronics and white goods
- As more and more Mexicans join the middle class, the opportunity for food & drink grows – supported by modernised FTA with EU
- A new Mexican government means a new infrastructure plan for the next sexennial, opportunities include: rail, both passenger and cargo lines, bringing internet to 100% of the country, creating many new public universities, ports, refineries and a new airport.
- Mexico is highly advanced in Fintech and is one of the few countries in the world to have regulation in place to provide certainty to consumers and companies.
- Metal working, mining, tourism, information technologies, education and the pharmaceutical industry offer many opportunities
The British Chamber of Commerce (BritChaM)
Founded in 1921, the British Chamber of Commerce in Mexico is a non-profit organisation promoting foreign direct investment along with export based economic growth between Mexico and the United Kingdom.
We are a community of over 500 members from various sectors. BritChaM has a highly active energy sector and annually organises one of the most important sector events: Energy Day.
Our commercial section offers:
- Personalised guidance and advice
- Introductions to known and vetted local suppliers
- Introductions to companies in the form of an agenda
- Marketing support
- Recruitment of country managers
- Flexible fully furnished offices and hot desks in our business centre