Final - Mexico

political (3)

first female president holding 6 year term

organized crime, corruption, violence

CUSMA - fta with us and can

review in 2026 for cusma could

change rules and regulations = potential tariff

gdp

growth

rank

key point

1.7 trillion usd

0.5%

top 15

2nd largest economy in latin america

inflation

comment

3.6%

decreased

interest

comment

7.25%

falling from high of 11% in 2024

economy growth is driven by

nearshoring from US, europe, asia, latin america

nearshoring

companies move production to mexico

benefits of nearshoring in mexico (4)

lower labour

skilled workforce

faster transport

lower geopolitical risk (as opposed to china)

can-mex nearshoring (3)

examples

manufacturing - magna international

mining - pan american silver

aerospace - bomardier

canada exports to mex (3)

auto

machinery

agriculture

canadian fdi in mexico $

focus on

46 billion

manufacturing & mining

social trends (3)

young & growing population

urban rural divide

collectivist culture

tech (2)

growing tech hubs and innovation in monterrey and guadalajara

nearshoring: bmw and GM

environmental

hurricanes, droughts, floods impact agriculture and infrastructure

legal (2)

oil & gas is regulated & dominated by pemex (state-owned; largest tax contributor in mexico)

companies must follow mexican anti-corruption law