Opportunities for Mexico in 2017
With the assignation of 9 more contracts for the exploration and extraction of hydrocarbons in deep waters, US$41 billion were invested in the Gulf Mexico. With this, 11 international companies will operate in Mexico for the first time, generating 342,000 new direct and indirect jobs. Mexico will continue to bet on free commerce from expansion to new markets and further penetration in the markets in which there is already presence. The economic integration with Latin America has grown stronger in the Southern region, through the Pacific Alliance; this has made way for the liberalization of up to 92% products between Chile, Colombia, Peru and Mexico. There is also a plan to approach Brazil and Argentina, in order to expand the preferential tariffs already existing in these markets. There is going to be improved access of Mexican products into the European market, especially of agri-food. The Asia-Pacific region must also be considered; as its economy is going to grow an average of 4.8%, over the next five years (2017-2021), surpassing other regions’.