The Rise of the Mexican Industry
Mexico has undergone a dramatic transformation in recent years, going from a struggling developing economy to a manufacturing powerhouse. Mexico is currently the 11th largest economy in the world and the second-largest economy in Latin America after Brazil. The country has benefited from a surge in foreign investment over the last few decades, with many businesses relocating their manufacturing facilities to Mexico. Tetakawi helps manufacturers in Mexico navigate the complexities of establishing and operating within this booming Mexican industry. Here are few Mexican industry which are rising: 1. Foreign Investments In recent years, Mexico has become one of the most attractive destinations for foreign investors. According to the World Investment Report 2021, Mexico ranked 17th among the world’s top twenty economies to receive foreign investments. The report states that foreign direct investment inflows into Mexico rose by 11% in 2020, reaching $29 billion USD. The pri...