Bridging Mexico to the World by Sea Transportation Infrastructure
Maritime freight services have become a key mode of transportation to impel Mexico’s economic growth by boosting more efficiently international trade, promoting regional development and creating jobs. Mexican ports moved more than 87 million tons in the first semester 2010 alone, an increase of 25% in comparison to the same period in 2009, expanding business opportunities for sea freight services between Mexico and the U.S.
Improving Borders to Make the Most of Opening Markets
The Twenty-First Century Border initiative between Mexico and the US opens a new vision to face the current border zone challenges, which came as a result of the significant 380% growth in trade experienced since NAFTA took effect more than a decade and a half ago. It recognizes the opportunities to improve the security, efficiency and speed of the flows of goods and people and to reduce the costs of doing business between both countries.
The report presents the actions taken and results obtained by the administration in the previous year. Of special importance were the relevant measures taken for the fostering of economic competitiveness and job creation along with economic and regulatory reforms.
Mexico’s Timeless Textiles Conquering the World
As a result of the world’s textile industry experiencing a substantial increase in competition throughout the last decade, Mexico has been strongly determined to fight back for the global markets.
Mexico’s President Calderon Announces 12 Measures to Simplify Procedures
As part of the actions to boost the competitiveness of the Mexican economy, on August 17, 2010 President Calderon announced twelve additional simplification measures that will eliminate unnecessary costs on procedures and regulations.
The Mexican Pharmaceutical Industry is Innovating its Future
Medicine manufacturing in Mexico has proved to be a prime investment opportunity for pharmaceutical and biotechnology companies from the entire world. Mexico’s strong intellectual property rights protection, growing market size, proximity to the U.S., and skilled pool of workers has attracted and will continue to attract tremendous foreign direct investment.
Mexican Highways: Paving the Way for Economic Growth
Mexico’s highway network is the backbone of the transportation system and is key in the country’s strategy to increase its global competitiveness. Therefore, Mexico is giving high priority to the modernization of its road infrastructure in order to enable it to become one of the main logistics platforms of the world and take full advantage of its geographical position and free trade agreements.
Intellectual Property Rights Key for Innovation and Economic Growth in Mexico
In recent years, Mexico has taken bold steps both domestically and internationally to ensure that its Intellectual Property Rights (IPR) protection and enforcement systems work efficiently to promote innovation, attract investment, and ultimately create more and better jobs in the country.
Mexico: A Promising Start to 2010
Over the course of the past year, Mexico has worked intensively to recover from the economic crisis by adopting sound economic policies and various measures that promote freedom and open markets. The government of Latin-America’s second-largest economy not only pledged to reject protectionist measures, like most of the G-20 economies, but also implemented significant tariff reductions, increased revenues, and cut government spending. The result can be seen today in that Mexico’s economy is on the path to recovery: industrial production has risen, exports have grown, and new jobs have been created.
Shelter Program: A Quick Start to Manufacturing in Mexico
The Mexican “maquiladora” industry, which is factories that import materials and equipment on a duty-free, tariff-free basis for assembly or manufacturing and then re-export the final product, has been an important policy tool for promoting Mexico’s employment, trade and foreign direct investment.
Building Up a World-Class Infrastructure in Mexico
This year nearly one hundred projects have been planned to begin their bidding process to keep moving forward with the goals established in the National Infrastructure Program for 2007-2012 by President Calderon.
Mexico Imporves Its Attractiveness for Investments
Mexico has notably risen to the top-ten most attractive nations in the world for foreign direct investment (FDI) and maintained its number one position as US low-cost outsourcing for the year of 2009, according to A.T. Kearney’s 2010. Foreign Direct Investment Confidence Index and the AlixPartners’ 2010 US Manufacturing-
Outsourcing Cost Index.
President Calderon Commits to a Reduction on Regulatory Requirements
Mexico’s President Felipe Calderon reaffirmed his commitment to reduce government regulations and bolster competitiveness during the Regulatory Reform Forum, cosponsored by the Mexican Ministry of Economy and the OECD, on January 12th in Mexico City.
Mexico Continues to Invest to Upgrade its Port Capacity
The expansion and incorporation of new technologies to the Mexican port system will continue to be executed in 2010, according to Mexico’s Ministry of Communications and Transportation (SCT).
Building New Bridges between Mexico and the U.S.
On January 12, 2010, Mexican President Felipe Calderon and U.S. Trade Representative, Ron Kirk, on behalf of U.S. President Barack Obama, officially inaugurated Anzaldúas International Bridge, which is the first new land port of entry on the southern U.S. border to open in ten years.
Cancun International Airport Is Becoming a World-Class Hub
Cancun International Airport, one of the busiest airports in the Caribbean and the point of entry to the “Mundo Maya”, has emerged as a world-class hub for air traffic, increasing Mexico’s connectivity to the world.