Mexico City, March 18, 2015
ProMéxico and the Canadian Manufacturers and Exporters (CME), Canada’s largest association of Canadian manufacturers and exporters, signed a memorandum of understanding (MOU) to actively promote business, investment, and trade between Mexico and Canada.
The CME has more than ten thousand partners and represents 82% of manufacturers and 90% of goods and services exporters in Canada.
This MOU will enable both institutions to continously collaborate in business missions, events, fairs, and seminars to promote bilateral trade. Moreover, it will help establish trade links between Mexican and Canadian companies through instruments that increase competitiveness in both outstanding and common sectors.
“Mexico and Canda are economies that are intrinsically linked. Current trade between us exceeds 20 billion dollars,” said Francisco N. González Díaz, CEO of ProMéxico.
“We believe that greater cooperation between our countries will lead to more job creation, an increase in competitiveness and better benefits for businesses in both countries,” he added.
Mexico can offer Canada huge investment opportunities in sectors such as aerospace and industries such as mining and renewable energy sources.
According to the Survey of Mining Companies 2013, Mexico is ranked the 31st most attractive country to invest in mining, which is the preferred investment area in Mexico for Canadian companies.
It is important to point out that Canada is one of the world’s leaders in terms of installed capacity and investment in renewable energy sources, mainly hydraulic, wind, and biomass. This sector in Mexico offers investment opportunities for companies that design and manufacture equipment, specifically for those businesses that produced advanced technology for the green industry.
About ProMéxico — ProMéxico is the Mexican government institution that supports Mexico's trade abroad and the internationalization of Mexican companies, and attracts foreign investment. Mexican business owners have access to a ProMéxico office in their place of origin, both in Mexico and abroad, bringing them closer to their potential buyers. Furthermore, foreign investors can reach every corner of the world through offices strategically located in areas that are key for world trade. For more information go to: www.promexico.gob.mx