Luis Manuel Hernández, president of the National Council of the Export Manufacturing Industry (Index), reported that Mexico will receive 11 billion dollars of new investments in 2023, which come as part of the nearshoring boom.

Of interest: Unstoppable industrial demand in Mexico, reported historical levels during 2022

Nearshoring is the practice of transferring a commercial operation to a nearby country, with the aim of bringing outsourced production centers closer together and solving the inconveniences of long distances that harm the supply chain. One of the most important tests in the manufacturing sector is the demand for industrial spaces, which in 2021 broke a record by reaching 3.5 million square meters, said Hernández.

"The key is to be able to raise the specific issues that are required to protect and promote investments, capitalizing on vocations in all regions of Mexico," said the president of Index about the recent trilateral meeting of representatives from Mexico, Canada, and the United States. States, where the adaptations of the TMEC are addressed.

In Mexico, there are currently more than 36,058 companies with investment derived from the TMEC, that is, 8 out of 10 national export products and services are sold in the region thanks to this agreement.

Consult here: Solili Industrial Report 4Q 2022, historical numbers of industrial demand, grew 12% in 2022

Foreign direct investment (FDI) associated with TMEC reached the figure of 355 thousand 198.7 million dollars, equivalent to 53.9 percent of the total FDI received. That investment attracted by Mexico will increase due to nearshoring.

"This situation has allowed Mexico to generate a favorable trade balance, accumulating 20 consecutive years of surplus, positioning itself as the main exporter of the agreement," concluded the president of Index.

In Solili you can consult industrial warehouses available in Mexico City and Guadalajara

Original note