Why Mexico?
It has one of the most open economies in the world.
Mexico has access to 46 countries through its Free Trade Agreements. Mexico’s FTAs give privileged access to 61% of the world’s GDP 1.2 billion people.
Mexico is among the top 10 exporting countries in the globe.
More than 470 billion US dollars of exports in 2019. Almost 90% of exports are manufactured goods, therefore, not subject to commodities prices volatility.
Attractive destination for strategic investment.
The recent entry into force of the United States-Mexico-Canada Agreement (USMCA), represents an important opportunity for Singaporean and regional companies seeking to participate in global value chains in North America, where Mexico is an attractive destination for strategic investment.
Perspective of Pacific Alliance Member
Negotiations are taking place for Singapore to become an associated member state of the Pacific Alliance.
Solid commercial and economic association
During the last official visit of Singapore’s Prime Minister Lee Hsien Loong to Mexico last November 2019. Prime Minister and President Andrés Manuel López Obrador promised to consolidate a solid and strategic commercial and economic association between the two regions.
Strategic Sectors to Invest and Trade
Autoparts and Equipment
Sixth larger producer of light vehicles in the world. 90 of the 100 most important auto parts companies worldwide operate in Mexico. World’s 4th largest exporter of light vehicles.
Electrical and Electronic Goods
World’s 2nd largest exporter of flat TV screens. World´s 3rd largest exporter of computers. Mexico accounts for 9 of the 10 main electronic manufacturing companies.
Agroindustry and Beverage
10th in agricultural producer. 6th in cattle producer.
Hospitality and Gastronomy
Mexican Gastronomy has been recognized by UNESCO as an Intangible Cultural Heritage of Humanity. There are 50 Mexican restaurants in Singapore.
Infrastructure
The World Bank (WB) highlight Mexico’s capacity to prepare, procure and manage public-private partnerships. Mexico is one of most prepared countries in this matter.
The startup ecosystem
And venture capital culture started in Mexico around 10 years ago, and, since then, growth has been exponential. Mexico’s startup ecosystem has an extremely positive outlook.
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Why India?
World's most populous country and 5th largest economy.
India is the world’s most populous country with the median age being 27 years. In addition, India is the world's 5th largest economy by GDP.
Extensive trade relations
India has extensive trade relations, encompassed by various bilateral and multilateral Free Trade Agreements (FTAs) with numerous countries, which help in facilitating access to crucial markets across the world. This extensive network includes significant agreements with ASEAN, Japan, and South Korea, promoting India's integration with major Asian economies.
Top global exporter
India stands as one of the top global exporters, with a robust focus on technology, pharmaceuticals, and services. In 2019, India’s total exports exceeded $330 billion, showcasing its substantial manufacturing and service industry that is less dependent on commodity price fluctuations.
Leader in FDI
India is a prime destination for foreign investments. The introduction of policies such as "Make in India" and recent tax reforms have further boosted India’s attractiveness as an investment hub. The country's strategic position as a gateway to the Asian markets enhances its appeal for companies looking to tap into the vast South Asian region.
Leader in Technology
India’s reputation as a powerhouse in software development and IT services is well-established and continues to grow.
Strategic Sectors to Invest and Trade
Electronics
India has growing and vibrant electronics industry that accounts for over S$90 billion, produces 70,500 jobs and is made up of over 2,900 companies. Key areas include semi-conductors, consumer electronics and information technology.
Biomedical
India’s deep base of skilled talent, strong manufacturing capabilities and thriving research ecosystem have drawn pharmaceutical and biotechnology firms to set up their headquarters here to serve patients from around the globe, and connect with the growing Asian market.
Logistics
India as a logistics hub connect key supply chain nodes to facilitate efficient trade flow domestically and internationally.
Petroleum refinery & Chemicals
India is a country with some of the largest refinery capacity in the world.
Wealth Management
India has established itself as one of the leading Private banking and Wealth management sectors globally and in Asia. By the end of 2020 total assets managed by India-based asset managers reached S$4.7 trillion.
Financial Services
India status as an international finance centre is backed by a sound economic and political environment, conducive legal and tax policies, reputation for integrity, and strict enforcement against crime and money laundering.
India Mexico Trade Council
DIEGO DE MONTEMAYOR NTE NO. 809, CENTRO,
Monterrey, Nuevo Leon
Zip code: 64000
+52 81 8375 1052
hello@indiamexico.org