Click to Discover the Top 10 Mexican Cities for Quality of Life in 2024: Key Insights for Manufacturing Expansion
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Welcome to our hub of México Manufacturing Highlights, your go-to source for the latest news and insights in the industry. Stay informed, stay ahead! Explore key developments, trends, and innovations shaping the manufacturing landscape in Mexico. Let's dive in!
On May 8, 2024, the Mexican government revoked the 35% tariff on unwrought unalloyed aluminum (i.e., primary ingots) and the 20% tariff on unwrought alloyed aluminum (i.e., billets and slabs). The revocation of the tariff comes less than a month after its implementation on April 22.
Mexico has emerged as a key destination for the manufacturing of electronic components, with Foreign Direct Investment (FDI) surpassing $7.8 billion over the past two decades. Leading this investment are countries such as the United States, South Korea, and Taiwan.
In the ever-evolving landscape of global commerce, companies are continually on the lookout for strategic advantages to bolster their manufacturing capabilities. One trend that has been gaining significant traction is nearshoring to Mexico, a move that promises proximity to North American markets along with a host of other advantages.
Mexico has re-entered Kearney’s Foreign Direct Investment (FDI) Confidence Index, securing the 21st spot among 25 countries in 2024. This comeback, the first since 2019, underscores Mexico's importance in the trend towards nearshoring, notably towards the United States.
In a remarkable twist of global trade fortunes, Mexico has emerged as the United States' foremost trade partner, surpassing China in exports to the US. This pivotal transition, documented by the United States Department of Commerce, signifies a monumental shift in international trade dynamics, reshaping supply chains and trade relationships worldwide.
USA Corporate Office
Ph: 619.429.4344
8716 Sherwood Terrace
San Diego, CA 92154 USA
México Corporate Office
Tel.: 664.454.3330
Boulevard Agua Caliente 4558
Int. 701, Colonia Aviación
C.P. 22014, Baja California
info@co-production.net
Monterrey Nuevo León Office
Av. Benito Juárez 1102 Col. Centro
Piso 4 Torre Sur, Oficina 432
Monterrey, Nuevo León 64000, Mexico
info@co-production.net
USA Corporate Office
Ph: 619.429.4344 / 855.480.0837
8716 Sherwood Terrace
San Diego, CA 92154 USA
México Corporate Office
Tel.: 664.454.3330
Boulevard Agua Caliente 4558
Int. 701, Colonia Aviación
C.P. 22014, Baja California
info@co-production.net
Monterrey Nuevo León Office
Av. Benito Juárez 1102 Col. Centro
Piso 4 Torre Sur, Oficina 432
Monterrey, Nuevo León 64000, Mexico
info@co-production.net
USA Corporate Office
Ph: 619.429.4344 / 855.480.0837
8716 Sherwood Terrace
San Diego, CA 92154 USA
México Corporate Office
Tel.: 664.454.3330
Boulevard Agua Caliente 4558
Int. 701, Colonia Aviación
C.P. 22014, Baja California
info@co-production.net
México Monterrey Office
Av. Benito Juárez 1102 Col. Centro
Piso 4 Torre Sur, Oficina 432
Monterrey, Nuevo León 64000, Mexico
info@co-production.net
