The increase in the new rules of origin in the North American region means that new business opportunities in the region for the automotive sector in 2023 will be more than US$ 32 billion annually, as a result of the need for import substitution. from Europe and Asia”, mentioned the National Auto Parts Industry (INA).

Thanks to the new rules of origin in the North American region, the effect of nearshoring and even electrification are generating business opportunities for the automotive sector that exceed 32.97 billion dollars.

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This sector expects to capitalize the benefit, in the medium and long term, thanks to an important attraction of investments and with them the arrival of new companies that will seek to be the suppliers of the existing assembly plants and others to come.

The new business opportunities in the region for the automotive sector in 2023 will be more than 32 thousand 970 million dollars annually, as a result of the need to substitute imports from Europe and Asia, the agency mentioned.

Only last year, the region made up of Mexico, the United States and Canada, imported from China, Japan, South Korea, Germany, Spain, France, Thailand, Vietnam, Malaysia and Taiwan, more than 93 billion dollars to satisfy part of the claim. In the case of Mexico, imports from China are estimated at 7,562 million dollars, while the US received 17,681 million dollars and Canada more than 3,000 million dollars.

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However, with the formal validity of the rules of origin, companies must replace an important part of these imports with local production, which is generating important opportunities for the arrival of investments. Thus, nearshoring will significantly benefit the auto parts industry in Mexico, since it is expected to be the recipient of at least 37% of these projects and investments, since the country has qualified labor at affordable prices. competitive.

Seen in this way, the investments are promising, since companies from India, Malaysia, Vietnam, China, Japan, as well as Europe and North America, are already evaluating establishing themselves in Mexico. Currently Coahuila, Chihuahua, Nuevo León and Guanajuato are the states with the highest foreign direct investment in the auto parts sector.

In Solili you can consult industrial warehouses available in Querétaro and Puebla

Original note