One of the biggest topics for Mexican bankers in recent years has been the opportunities that nearshoring will generate. Specifically, this means the potential for foreign direct investment into Mexico from (mainly) Chinese companies that are seeking new trading routes into the US due to tariffs – and the threat of new and heavier tariff rates – on Chinese imports.
However, given Mexico’s longstanding export-based economic model, identifying growth that is a direct consequence of the nearshoring trend is often difficult.
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