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Competitive advantages for investing in Mexico Mexico: a leading economy A country with competitive sectors ProMéxico’s strategies 3 Competitive advantages for investing in Mexico 4 5 competitive advantages Macroeconomic environment Advanced manufacture Exports platform Mexico’s competitive advantages Internal market Human capital 5 Forecasts 2013 World’s largest economies Gross Domestic Product (Billion USD) Corea… South Korea México Mexico España Spain Australia Australia Canada Canadá India India Italy Italia Russia Rusia Brazil Brasil UK Reino… France Francia Japan Japón Germany Alemania 20501 China China USA EU Million dollars 14th place 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 Goldman Sachs estimates that Mexico will be the 5th largest economy by 2050. According to Accenture, Mexico will be one of the Big 2025. Six in 5th place Goldman Sach’s Forecast Gross Domestic Product (Billion USD) According to HSBC Mexico will be the 8th largest economy in the world by 2050. Fuente: Goldman Sachs. The N-11: More Than an Acronym. Documento de economía mundial No: 153. Marzo de 2007/ HSBC/ ACCENTURE.1/ Pronóstico de Goldman Sachs / Fondo Monetario Internacional. 6 Solid macroeconomic environment Evolution of inflation, exports and international reserves in Mexico (2000- 2013) Manufactures Oil Primary Reserves Inflation $400 140% Exports record: 380 billion dollars 120% $300 100% $250 Reserves record: 176 billion dollars 80% $200 2013 2012 2011 2010 2009 2008 $0 2007 0% 2006 $50 2005 20% 2004 $100 2003 40% 2002 $150 2001 60% 2000 Percentage of inflation $350 Billion dollars 160% 7 Source: INEGI / Bank of Mexico. FDI flows into Mexico (1999-2013*) 40,000 35,188 35,000 Record-high 30,000 25,000 20,000 15,453 15,000 10,000 5,000 MUSD- 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 8 Source: Ministry of Economy. General Directorate of Foreign Investment. */ Figures to September 2013. A3 Baa1 Positive Ratings Baa3 BBB+ BBB+ BBB BBB BBB+ BBB BBB+ BBB BBB- BBB- * Scores that are below the dotted line are investments with high degree of risk or speculation. Source: Fitch Ratings, Standar & Poor’s Rating Services, Moody’s Investor Service. 9 5 competitive advantages Macroeconomic environment Advanced manufacture Exports platform Mexico’s competitive advantages Internal market Human capital 10 We are committed to free trade Number of countries Number of countries with privileged access* 17 45 20 12 8 1 Our FTAs give privileged access to 61% of the world’s GDP Sources: Brazil; China: Colombia:; United States: ; Chile: Direcon; México: Ministry of Economy. 11 Easy access to the world Days port to port Destination Germany Brazil China Colombia Korea US India Mexico Poland Turkey New York 11 15 32 6 21 - 25 6 12 16 L.A 25 23 18 10 17 - 31 4 26 28 Rotterdam - 17 32 15 33 11 20 15 1 10 Yokohama 35 35 4 24 3 15 17 18 36 27 Río de Janeiro 17 - 31 12 34 15 24 16 18 19 Shanghai 32 32 - 26 2 17 11 20 33 24 Shenzhen 30 30 - 28 4 19 9 22 31 22 25.0 25.3 23.4 17.3 16.3 15.4 19.6 14.4 22.4 20.9 Average Fuente:Sea Rates 12 A country with great infrastructure Monterrey Altamira SLP Tampico Guanajuato Guadalajara Veracruz Manzanillo Lázaro Cárdenas Source: SCT. 13 A country part of NAFTA Fuentes: SCT/ US Department of Transportation. 14 5 competitive advantages Macroeconomic environment Advanced manufacture Exports platform Mexico’s competitive advantages Internal market Human capital 15 Demographics on our side Population: 122 milliones 16 Domestic Market: main features CONSUMER EXPENDITURE GDP TREND: Actual: 9500000 MXN milliones (highest level ever) GDP per Capita (Actual): $ 8519 GDP growth rate (2015): 3.5% Consumer Expenditure Chart and GDP Growth - Source: Trading Economics 17 5 competitive advantages Macroeconomic environment Advanced manufacture Exports platform Mexico’s competitive advantages Internal market Human capital 18 Labor Market Labor Force: 52 milliones Expected Labor Force (by 2020): 83 milliones Labor Force Chart – Source: Trading Economomics 19 Quality of Mexican labor force Mexico 6.02 Russia 5.85 India 5.73 South Korea 5.18 Indonesia 4.83 China 4.44 Rank Source: IMD Competitiveness Yearbook, 2012 Brazil 3.80 - 1.00 2.00 3.00 4.00 5.00 6.00 7.00 5 competitive advantages Macroeconomic environment Exports platform Mexico’s competitive advantages Advanced manufacture Internal market Human capital 21 Most competitive total costs Mexico’s ranked 11th in terms of Economies of Scale Availability 22 We are leaders in key sectors AEROSPACE • Mexico is the 6th supplier to the American aerospace industry. AUTOMOTIVE AND AUTOPARTS • 8th producer and 4th exporter globally of new light vehicles in the world. 370 billions in exports 50% medium and high tech manufactures MEDICAL DEVICES • We are the largest exporter in Latin America and main supplier to the US. Source: FEMIA/ GTA/ AMIA/ OICA. . ELECTRIC-ELECTRONIC • Leading flat television screen exporter in the world. 23 ProMéxico’s strategies 24 What Do We Offer in ProMéxico? Boosts activities aimed to present an overview of international business and trade. It also seeks to encourage enterprises and strategic sectors to reach international markets and promote the country's image. Brings companies together and link them to private or public organizations and academia, among others, with specific goals that are usually project-related. ProMéxico Assists clients to reach a specific goal, through training, personal assistance or consulting. Simplifies the execution or increases the appeal of a project, whether for export, FDI or internationalization, through incentives, studies or by opening markets. Development of programs and projects DCC/ ACT Model/ Softlanding/ Aftercare/ Roadmaps/ Clusters articulation/ MOMA/ PROCEI 25 [email protected] 26