Evaluating the market in Mexico

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Country Risk Quarterly

Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.

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Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.

Read the latest Government of Canada travel advisory for this market.

Business environment in Mexico

Mexico’s growing consumer class and favourable 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 C$40.8 billion in 2016. In 2018, Canada, the United States, and Mexico announced a new trilateral trade agreement-in-principle called the United States-Mexico-Canada Agreement (USMCA), which seeks to further strengthen the strong trade ties between Canada and Mexico and to increase support to Canadian firms that are looking to diversify their international sales. Furthermore, under Mexico’s government led by President Peñna Nieto (2012-2018), Mexico has introduced major reforms with the 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.

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