Mexico’s large population makes it a rich source of opportunities for Canadian businesses. Since the entry in force of the North American Free Trade Agreement (NAFTA) in 1994, bilateral trade between Canada and Mexico has more than quadrupled reaching almost USD30bn in 2012. Mexico is Canada’s fifth-largest export market. During the past 10 years, EDC has provided more than USD20bn in financial trade support for Canadian companies doing business in Mexico. As of 2011, Canada was the sixth largest foreign investor in Mexico, accounting for over USD5bn of Canadian direct investment into the country. There are an estimated 2,500 Canadian affiliates based out of Mexico, the largest ones being Goldcorp, Bombardier and Scotiabank. Given Mexico’s commitment to free trade Canadian investors and exporters can also gain immediate access to over 40 markets across the world with which Mexico has signed trade agreements. Mexico also offers a welcoming environment for businesses in almost every sector except energy. As a result, a number of foreign companies are re-shoring their manufacturing operations from China to Mexico to better access the US market and lower costs.
- Consumer Goods
- Mining & Metals
- Oil and Gas
- Plastics & Chemicals
How we can support your business
Through our representations in Mexico City and Monterrey, Mexico, we provide on-the-ground support to Canadian companies planning on or currently doing business in Mexico. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.
- We are well positioned to help Canadian companies through a range of financing and risk management services.
- Learn more about our service offering.