Rebound in Mexican Factories Could Mean Jobs in San Diego
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- Published on Tuesday, 15 May 2012 19:23
As the cost of Chinese goods rise and trade friction mounts between Washington and Beijing, one of the beneficiaries appears to be Mexico, which could have a spillover effect on the San Diego economy.
So far this year, industrial production in Mexico is up 3 percent over last year and Mexican exports to the United States are up nearly 2 percent, including a $1.7 billion rise in machinery exports and $1.3 billion in electrical equipment, appliances and components.
Although those increases would be considered anemic in a healthy economy, in the current shaky environment they are a sign of growth. And Chris Kuehl, economic analyst for the Fabricators and Manufacturers Association, says that the numbers suggest that Mexico is becoming more competitive with China.
Zakaria: Are Mexicans giving up on U.S? ... A historic pattern of migration has been reversed
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- Published on Monday, 07 May 2012 22:37
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Tune in Sunday at 10a.m. or 1p.m. ET for Fareed Zakaria GPS on CNN.
"Comparing two recent five-year blocks, the report finds that not only has the number of Mexicans immigrating to the U.S. declined by 50 percent (from 3 million to about 1.4 million), the number of Mexicans going the other way back home has doubled. Seven hundred thousand Mexicans in the U.S. moved back between 1995 and 2000. But that number increased to 1.4 million between 2005 and 2010"
"This has several explanations. The U.S. economy is weaker. On the other hand, Mexico's economy is strengthening. Its GDP per capita is 15,000 dollars - about a third that of America's. Some of Mexico's competitiveness is due to NAFTA - the North American Free Trade Agreement. Because it avoids U.S. tariffs, its exports work out to be cheaper than China's. Last year, Mexico did 400 billion dollars worth of business with the U.S. That's more than Argentina and Brazil combined". |
MEXICO: Out of the shadows
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- Published on Monday, 07 May 2012 21:39
Mexico's economic fortunes are looking up – a welcome change for a country that in recent years has fallen consistently short of its peers. But it will be up to the next government to deliver on deeper reforms if this progress is to be sustained.
When Richard Fisher, president and chief executive officer of the Federal Reserve Bank of Dallas, addressed a select crowd of analysts and journalists in Mexico City this March, he told them something that they had probably never heard before from the mouth of a US economic heavyweight.
"The moment has come to change our perception of Mexico," said Fisher, who is also a member of the Federal Open Market Committee, the Fed's principal monetary policymaking group. "The reality is that many macro figures place Mexico in a better place than the US."
Case Study: DJO Global, Tijuana's Binational Success Story
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- Published on Monday, 07 May 2012 18:31
With more than 17 years of operating in Tijuana, DJO's has received U.S. and International awards for its quality and operational excellence, including AME's Manufacturing Excellence award, IndustryWeek "Best Plants," and the Shingo prize for operational excellence.
Tijuana is located in the northwest corner of Mexico. The city is connected to the Pacific Basin and just across the U.S. border from San Diego, California. Tijuana is one of Mexico's top industrial cities with burgeoning manufacturing activity; it's home to 570 industrial companies with a work force of nearly 150,000.
Since the 1960s, Tijuana has become a strategic destination for consumer electronics production. During the 1980s it was called the TV manufacturing capital, and since then, it has established a reputation as a preferred destination for manufacturing. Today, the city has 50 years of experience in manufacturing, offering a unique combination of speed to market, competitive operational costs, and high-tech capabilities. Tijuana has developed expertise in key sectors like medical devices and aerospace as well as a broad supplier base.
The Baja Medical Device Cluster will Showcase the Region's Capabilities and Business Opportunities at the 5th Supplier Day
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- Published on Tuesday, 01 May 2012 17:45
On June 13th, 2012 Tijuana will host to the 5th edition of the Baja California Medical Device Supplier Day, an event organized by the Baja Medical Device Cluster, the State Government of Baja California and Tijuana's Economic Development organizations. This year's venue will be the new Avanti Mediclear state of the art facility, the first e-beam sterilization operation in Tijuana.
The event will feature "Business to Business" meetings to integrate companies with Baja's Medical Supply Chain, with over 400 face-to-face estimated interviews. Participants will enjoy presentations by some of the top global leaders in the medical device industry, and exhibition that will showcase all the products and services manufactured in the region. For accredited suppliers, on June 12th the Tijuana Economic Development Corporation (Tijuana EDC) will be hosting a private tour of top medical device operations in Tijuana that will provide participants an inside look at the world class facilities where cutting edge medical devices are manufactured and sent directly to customers all over the globe.
