Mexico is a elementary participant within the North American period: Amcham

The advantages of investing in Mexico “are clear” as a result of “privileged location, sturdy infrastructure, huge expertise and a historical past of profitable regional cooperation” that positions the nation as a elementary participant within the North American period, stated Carlos García, president of the American Chamber (Amcham México).

In keeping with the doc “Nearshoring: Mexico’s second and the right way to benefit from it”, it’s essential to advance in areas akin to power, water, semiconductors, amongst others, to draw extra international capital.

“At Amcham we work to usher in extra investments and strengthen regional worth chains in strategic industries akin to semiconductors, medical units and agribusiness, amongst others,” stated García.

He added that the North American Financial Regionalization Committee carries out steady work that facilitates communication between corporations and the Ministry of Economic system to implement relocation.

The non-public sector group, which brings collectively American companies, commented that to profit from the potential of semiconductors, it’s important to put money into the event of specialised personnel on this subject.

“Mexico can promote training and coaching applications in semiconductor design, manufacturing and upkeep to coach a extremely certified workforce,” he stated,

He commented that this is not going to solely promote innovation and analysis within the nation, however will even appeal to investments from know-how corporations all for establishing operations in Mexico.

Amcham proposed that the put in capability within the semiconductor business in Mexican territory be recognized, an evaluation that may enable the identification of current gaps and the event of particular motion plans to strengthen the nation’s competitiveness on this sector.

Concerning power, the group talked about that it have to be reasonably priced, ample, environment friendly and sustainable.

He indicated that corporations should combine storage programs, which permit extra power generated during times of low demand to be saved for later use throughout consumption peaks, which optimizes using obtainable power sources and reduces dependence on costly technology.

“The usage of battery power storage programs might help corporations meet regulatory and coverage necessities associated to emissions discount, power effectivity and sustainability,” he stated.

Concerning using water, Amcham commented that corporations should strictly adjust to official Mexican laws associated to the extraction and discharge of the liquid.

He famous that the non-public sector have to be clear in its practices associated to using water sources and put money into applied sciences to optimize its use and scale back its environmental impression.

He highlighted that infrastructure is essential to attracting international funding and strengthening financial integration within the context of nearshoring, so corporations should ally with different companies, but in addition with the federal government to advertise essential works.