Co-Production International (CPI) announces its Baja Manufacturing Tour for this coming July 25th as Mexico releases positive trade surplus of almost $510 million dollars ending this April. With the country’s National Institute of Statistics and Geography (INEGI) reporting an April 2013 deficit of $1.22 billion dollars, this announcement has US companies keen on the Mexico manufacturing sector’s sector’s growth and contribution to export statistics reported for this year. CPI’s third quarter tour comes at a timely moment and aims to give US firms first-hand access to the benefits of manufacturing in Baja California.

 

Martinez said their industry tours have attracted executives from the aerospace and defense, automotive, medical device and electronics manufacturing sectors. They are drawn to manufacturing hubs like those in Tijuana, Baja California, which boast a strong and low-cost, highly-skilled workforce, reduced logistics cost to major North American markets, and strong free trade agreements reducing import/export costs. “The tour always features industry leading manufacturing facilities with international accreditations and certifications such as NadCap and ISO,” Martinez added.

Foreign sales of manufactured goods accounted for 83% of exports in April with a majority bound for major US and Canadian markets, INEGI also reports. The surplus achievement for this April was a surprise exceeding projections by most economic outlets. A Bloomberg survey had expected the figure to be a $433 million deficit. “The strong export rebound is behind this surprise, and this is positive for growth in the coming months,” Marco Oviedo, the chief Mexico economist at Barclays Plc, told Bloomberg News.