Co-Production International Inc. Blog & News

The phenomenon of nearshoring has marked a turning point in Mexico’s economy, not only for its impact on the manufacturing industry in Mexico but also for the opportunities it creates for the tech startup ecosystem.

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In the world of international trade, understanding customs duties and tax obligations is a critical step for businesses aiming to move goods between Mexico and the United States. A duty analysis serves as a roadmap, enabling companies to navigate the complexities of cross-border trade effectively. For businesses considering nearshoring operations or expanding their supply chain into Mexico, a comprehensive duty analysis is indispensable.

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Three major French companies are making headlines with their plans to invest close to $3 billion in nearshoring operations in Mexico. This monumental commitment includes both ongoing expansions and future plans to bolster Mexico's manufacturing capabilities and create thousands of jobs, strengthening the country's role as a pivotal player in global supply chains.

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Claudia Sheinbaum's presidency marks a significant shift in Mexico’s economic plans. Her administration aims to boost foreign direct investment (FDI) and position Mexico as a leading nearshoring destination, leveraging the United States-Mexico-Canada Agreement (USMCA). This is especially important amid ongoing U.S.-China trade tensions.

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