Here are the TOP 10 reasons why:
Proximity to large markets in the US, Mexico and Latin America.
Quick turnaround to North American Market.
Skilled, available and affordable workforce: up to 80% in labor cost savings.
Technical training support: high technology training centers.
Quality culture: ISO, AS, NADCAP and other international quality standards.
Supply Chain Integration: mature supply base in key regions in Mexico.
Tariffs savings due to Mexico's Free Trade Agreements with 46 countries.
Tax incentives for manufacturers: no VAT and no income TAX.
Developed "Soft Landing" culture to help international manufacturers to start up operations in Mexico with fast-track, risk-free shelter programs.
Due to its macroeconomic and political stability, low inflation, size and strength of its domestic market, economic growth rate and capacity to produce advanced manufacturing (high-tech products).
Also, Mexico offers significant savings on labor costs when compared to other investment options in the Americas, Europe and Asia.
Mexico is also an open economy that guarantees access to international markets through a network of free trade agreements. The country boasts a strategic geographic location and competitive costs to service global markets, as well as a highly–skilled, young workforce.
Mexico has a 3,000km border with the US, which allows for low transportation costs to the North American market. There are 52 access points between the US and Mexico.
Mexico has a modern highway network that allows efficient communication with sea ports on the Atlantic and Pacific Oceans.
In summary, Mexico has:
- 76 airports (12 domestic and 64 international airports)
- 117 sea ports
- 27,000 kilometers of railroads
- More than 370 thousand kilometers of road