RELEVANT

For Banorte’s Deputy General Director of Economic and Financial Analysis, Alejandro Padilla, the country is very well positioned to take advantage of these opportunities, since it has 12 free trade agreements with 46 countries.

In this sense, he recalled that estimates by the Inter-American Development Bank (IDB) indicate that nearshoring would add 35,278.2 million dollars to Mexican exports, an increase of between 7 or 8% to the current ones; however, he highlighted that they can also boost the development of industrial clusters in the national territory.

Padilla considered that Mexico has many opportunities to attract investments in the automotive sector, agribusiness, pharmaceuticals, transportation, storage, logistics, computer equipment and cables, electronics, and household appliances, as well as software development, industrial design, and human capital.

In turn, Mario Hernandez, KPMG’s Lead Partner of the IMMEX segment in Mexico, explained that in order to have alternatives that support the supply chain, it is essential to implement manufacturing plants in Mexico that are located in other continents under the concept of nearshoring.