What are the external factors that benefit Mexico as a Manufacturing Industry

In a Global economy that we are living and that external circumstances can affect your local

Business/Economy it's really important to remark the importance of find a partner country that can leverage in case of economy setbacks that will affect Manufacturing & production processes. When it comes to Manufacturing Mexico can be seen as a country that have been working over the years to surpass the Global market circumstances to protect their productivity and external investment, such as;

Strong network of trade agreements: Mexico has an extensive network of trade

agreements that provide access to a wide range of markets, including the United

States, Canada, and the European Union

● Competitive costs: Mexico's relatively low labor costs, favorable exchange rate, and

low cost of living make it an attractive location for manufacturing operations

● Infrastructure and logistics: Mexico has a modern and efficient transportation

system, including several major seaports and airports, that make it easy for

companies to move goods in and out of the country

● Government support for manufacturing: The Mexican government has implemented

policies and incentives to encourage foreign investment in the manufacturing

industry, including tax breaks, subsidies, and streamlined regulatory processes

● Large Domestic Market: Mexico has a large domestic marker with an extended

industrial background that can be part of supply chain process

Overall, these external factors Make Mexico an attractive location for Manufacturing

operation, particularly for companies looking to serve the North American Market.