The National Chamber of Commerce, Services, and Tourism of Mexico City (CANACO) currently has a membership of approximately 42.000 members, organized into 110 specialized groups based on their business branch.
– How does the Chamber promote foreign trade activity among its member companies?
Among the Chamber's objectives is to promote greater participation of companies in Mexico's foreign trade; to this end, it carries out a series of activities such as:
– Organization of monthly training workshops on foreign trade.
– Promotion of companies' products through the Chamber's Directory of Importers and Exporters.
– Dissemination of offers or demands from companies electronically in the Commercial News Bulletin and Comercio Informa Magazine.
– Establishment of Cooperation Agreements with Chambers of Commerce in other countries.
– Are services provided to foreign companies interested in establishing business ties in Mexico?
In order to serve the interests of foreign companies interested in doing business in Mexico, this Chamber provides support to all types of companies by providing information on various aspects that will allow them to make the decision to establish themselves and partner in the country.
– Are there any noteworthy agreements or projects planned for this year with any Spanish Chambers of Commerce?
At the moment, we do not have a specific project, however we maintain close contact with the main Spanish Chambers through the Ibero-American Association of Chambers of Commerce AICO, an organization in which the General Secretariat and the Vice Presidency for the Central America, Mexico and Caribbean region are integrated.
– Are there any Spanish companies affiliated with your Chamber?
The Chamber's membership includes several companies of Spanish origin, as well as marketing companies that maintain close business relationships with companies from that country.
– How would you assess the current state of competitiveness of Mexican companies?
The trade liberalization implemented by Mexico over the past few decades has had significant positive effects for our country. This situation has allowed us to become the world's eighth-largest exporter and the second-largest recipient of foreign direct investment (FDI). This indicator is undoubtedly a sign of foreign investors' confidence in Mexico.
We are currently the country whose exports have grown the fastest over the last decade compared to any other country in the world. For example, to give an idea of the magnitude of Mexican exports, Mexico accounts for nearly three-quarters of all manufactured exports from Latin America. 72.2% of total Latin American manufactured exports are produced by Mexico. Furthermore, while twenty years ago a single product, oil, represented 80% of our total exports, today 90% of Mexican exports are manufactured goods.
Another factor to consider is that just a few years ago there were only three industrial centers in the country: Mexico City, Nuevo León, and Jalisco, and these were primarily located in the metropolitan areas of the capital cities of these three states. However, given the confidence of both domestic and foreign businesses, more and more states are now joining the country's manufacturing production and exports.
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