Mexico Nearshoring
The Agreement Between Mexico, The United States, and Canada (T-Mec)
Automakers must now certify that 75% of their steel and aluminum comes from any of the 3 countries. In addition, there is a Labor Value Content (LVC) requirement, which stipulates that a certain percentage of a finished vehicle is manufactured by workers earning a minimum of $16 per hour.
Advantages as Investment Center
Production Sectors of Interest
Automotive industry:
Strategic sector due to its participation in exports, production, employment generation and attraction of FDI. The 7th largest auto parts producer in the world.
Electronics:
Chemicals:
Crucial sector in production chains. The main subsectors are pharmaceuticals, resins, synthetic rubber and chemical fibers.
Final Questions
2. Does your firm provide legal services compatible with the sectors of interest mentioned? What are those services?
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