Mexico puts itself in the hub

Filed in archive Market Overview on November 17, 2006

Today, from logistics point of view, Mexico offers a strategic competitive advantage over other Low Cost Countries in the world. I noticed about some facts and figures through an article in Purchasing.com

Mexico's logistics infrastructure has improved significantly over the last 10 years due to the privatization of maritime ports, railroads, airports and toll highways. Foreign direct investment (FDI) by global logistics companies has played a major role in these developments. Most of the world's largest logistics companies already have significant assets and operations in Mexico. This competitive environment has served to reduce the costs of transporting goods.

Mexico has signed 12 free trade agreements with 42 countries over three continents. Well-known NAFTA covers the U.S. & Canada, while LAFTA covers Latin American countries, and FTA covers the European Union. These FTAs offer companies that source from and/or have operations in Mexico preferential access to 870 million consumers worldwide. Mexico has become one of the world's primary trade hubs.