ProMéxico presented the investment opportunities that Mexico offers to South Africa and India

Business tour

Francisco N. González Díaz, General Director of ProMéxico, made a business tour through South Africa and India.

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Francisco N. González DíazDirector General ProMexico He made a business tour of the countries of South Africa e India. During his visit to both countries he met with South African and Indian businessmen to whom he presented the investment opportunities that Mexico offers to the business and academic community of those nations.

 

During a two-day visit, the head of ProMexico He held meetings with South African businessmen to whom he presented Mexican products that have the potential to be exported to that nation, such as construction machinery parts, where Mexico has a trade surplus and has positioned itself as an important supplier worldwide, with exports amounting to 1.2 billion dollars in 2013.

 

Other outstanding Mexican products for the south african market These are alcoholic beverages, where our country stands out among the main exporters, especially of tequila – a product with designation of origin – and liqueurs.

 

It is worth noting that Mexico has become the second supplier of tequila and similar distilled beverages in South Africa, only after the European UnionIt is also important to highlight that imports of these alcoholic beverages in the African country have shown an annual growth of 314% in 2013.

 

Other industries with opportunities in the South African market include processed foods, automotive terminals and auto parts, footwear, meat and processed products, the clothing sector and household appliances, among others.

 

 

Mexico is South Africa's second largest supplier of tequila and spirits

 

Regarding his visit to India, the Director General of ProMéxico, Francisco N. González Díaz participated in the event “Invest in Mexico”, organized by the Federation of Indian Chambers of Commerce and Industry (FICCI), which brings together companies with extensive trade and investment ties with Mexico, with the aim of exploring actions that promote bilateral relations.

 

Before Indian businessmen the head of ProMexico He highlighted the role that both nations have in the global context. “Mexico and India have shown strong growth in this decade and are destined to be two solid countries in the global economic future,”  India has invested in Mexico in the manufacturing, trade and mass media sectors, among other areas of the economy. The main Mexican products exported to the Asian country are: crude oil, telephones, steam turbines, foundry waste and scrap, motors and electric generators.

 

Trade between India and Mexico amounts to 1,051 billion dollars, according to figures as of September 30, 2014.

 

This working visit provides continuity and follow-up to the working tour of the Secretary of Foreign Affairs, José Antonio Meade, who presented the importance of Mexico's structural reforms. Officials from the Ministry of Tourism, Bancomext and Fonadin also participated in the event, and explained the advantages and business opportunities that exist in Mexico.