Country Information Export Development Canada North America

Mexico

One of Canada’s long-time trading partners, Mexico’s stability, growing consumer class and competitive labour continue to make it an attractive market for Canadian exports and investment.

Evaluating the market in Mexico

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

EDC Position

EDC Country Position - Open

Open

What this means:

  • Actively pursuing business
  • All EDC solutions are available in this market, subject to regular approval criteria
How does EDC determine the position?

Risk Rating

EDC Country Position –Low  Medium Risk

Low to Medium Risk

What this means:

The Commercial Country Ceiling (CCC) Risk Rating is measured from low to high, and is meant to represent the best possible rating that can be assigned to a commercial business (obligor) in a country.

How does EDC determine the risk rating?

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.

International Trade Solutions

We understand opportunity

With our knowledge and solutions, you can take on the world knowing that we've got your back.

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

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Thank you for your interest in speaking with a Trade Advisor.

As requested, and EDC Trade Advisor will contact you on between . We look forward to speaking with you soon!

If you would like to speak with someone immediately, please call  1-888-220-0047.

 

Interested in growing your business in this market?

Speak to a Trade Advisor weekdays between 9 am to 5 pm EST.

1-888-220-0047

1-888-220-0047

Or send us a question and we'll get back to you as soon as possible.

Send a question

Alicia McCarthy

Senior Trade Advisor, EDC

Alicia McCarthy  Senior Trade Advisor, EDC