Mexico presents positive business prospects for Basque companies despite the uncertain international environment

Mission from February 27 to March 3

Basque companies from various sectors participate in a mission to Mexico promoted by the Bilbao Chamber, in collaboration with those of Álava and Gipuzkoa and with the support of the Basque Government.

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Twenty-two Basque companies from various sectors participate in a mission to Mexico promoted by the Bilbao Chamber, in collaboration with those of Alava y Gipuzkoa and the support of Basque government, which will run from February 27 to March 3.

 

Among the sectors represented in the commercial delegation are: chemical industry, construction materials, iron and steel foundry, electronic instrumentation, electrical engineering, valves, manufacturing of special tools, telecommunications services, infrastructure, consulting, electrical equipment...

 

Mexico It has a population of 127 million inhabitants and a GDP per capita of $8.541 which, due to the strong depreciation of the peso against the dollar, is the lowest in the last seven years.

 

 

 

The business meetings will take place mainly in Mexico City and Monterrey, but also in other cities such as Jalisco, Ciudad Juárez, Guanajuato or Ciudad del Carmen

 

 

 

The forecast for 2017 is that the Mexican economy will grow by 1% and 1,8% in 2018. Although uncertainty remains high due to the risks of protectionism in U.S., the prospects for growth and economic development for the Aztec country are positive. Specifically, they have structural reforms and a major infrastructure program underway.

 

Regarding business opportunities for Basque companies, are especially relevant in the sector of automotive, energy and electrical, and for equipment and components related to energy, transportation and communications infrastructures. There are also interesting options for the wind, solar and photovoltaic sector,

 

Exports of Euskadi to Mexico They increased by 6% in 2016. The main products exported are: automobile and machine accessories. To a lesser extent, iron profiles, steam boilers, cast iron boxes, household appliances, prefabricated buildings, electrical transformers, etc.