Evaluating the market in Mexico

We can help you get a better understanding of market activity, relationships and support to grow your business.

Business environment in Mexico

Mexico’s growing consumer class and favorable labour demographics make it a rich source of opportunities for Canadian businesses. Given Mexico’s commitment to free trade, Canadian investors and exporters can gain immediate access to more than 45 markets across the world given the many trade agreements Mexico has signed. Since the beginning of the North American Free Trade Agreement (NAFTA) in 1994, bilateral trade between Canada and Mexico has more than quadrupled reaching approximately C40.8 billion in 2016. Furthermore, under its current government led by president Peña Nieto, Mexico has introduced major reforms with the ultimate goal of increasing competitiveness and economic growth. The government expects these reforms, most notably on energy, to have a positive impact on trade and investment in the country in the medium and long term. The reforms have opened access to transmission and distribution systems to private power producers and have also permitted private investment in the oil and gas sector through public auctions of exploration and development rights. EDC serves Canadian companies in Mexico through our local representation in Monterrey and Mexico City.
  • Aerospace
  • Automotive & Heavy Truck
  • Construction & Infrastructure
  • Mining & Metals 
  • Oil and Gas
  • Plastics and Chemicals
  • Power
  • Telecom

Here’s a helpful tip for doing business in Mexico

Mexican businesspeople are not fond of overt disagreements, so rather than saying “no” they might say “maybe” or “I’ll get back to you” – be wary to not to mistake this for interest.

Unlock key contacts in Mexico when you download our Market Entry Advisor Guide.

We can help you succeed internationally. Speak with a Trade Advisor today to learn how.

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Alicia McCarthy

Senior Trade Advisor, EDC

Alicia McCarthy  Senior Trade Advisor, EDC