Mexico is a low risk growth market with plenty of business opportunities for Norwegian companies
21/02/2008 ::
• Political and Economic Environment
Mexico is a low risk growth market, and the economic figures indicate a well established and sustained economic program aimed at growth and sharing this growth with all the companies involved.
• Free trade
No country in the world has signed more trade agreements with other nations than Mexico. These agreements can only increase companies´ competitiveness in those markets
• Consumer Market
There is a surge in consumer demand
• Industry
There are plenty of business opportunities for Norwegian companies
• Geographic Location
Easy and fast communications between Mexico and North America, South America, Europe and Asia, as well as economic ties between these regions
• Culture
Norwegians adapt easily to the Mexican way of life
• Climate for investment
In the 1994-2007 1st quarter period, the Foreign Direct Investment (FDI) accumulated was US$210.4 billions. The annual average FDI is US$16.2 billion, where almost 56% of Mexico´s FDI originates in the United States.
Direct Foreign Investment (DFI) had a very favorable performance for Mexico prompted by the negotiation of free trade agreements, the tax discord with the in bond assembling industry, new changes in the Pitex and Maquila programs. Free trade agreements with 33 countries in the world have favored DFI.
One part of DFI has been linked to privatization processes of formerly State reserved activities. The policies of decentralization of airports, railroads, ports and other industries and infrastructure programs have given Mexico a good amount of FDI, and putting Mexico within the 15 bniggest countries in the world receiving FDI, and third among the emerging countries.
Sources: Swedish Trade Council and Bancomext