Taiwan analyzes investment options in Baja California

Taiwan analyzes investment options in Baja California

BAJA CALIFORNIA - The Ministry of Economy and Innovation (SEI) of Baja California met with representatives of Taiwanese electronics companies seeking opportunities for the production of components for zero-emission vehicles in Mexico.

The Undersecretary of Investment Management, highlighted Baja California's manufacturing base, its skilled labor force and geographic proximity to the United States and Canada, to facilitate access to that market for companies seeking to diversify their supply chains.

During the participation, it was emphasized that Baja California is the closest state to Asia, which places it in a privileged position for collaboration and commercial exchange. It was also emphasized that together with California and Arizona, the region has great logistical and commercial advantages for the relocation of supply chains.

The Taiwanese delegation was led by Richard Lee, president of the Taiwan Electrical and Electronics Manufacturers Association (TEEMA), an organization that represents 60 percent of Taiwan's information and communications technology industry and has developed a close relationship with the SE and the Business Coordinating Council (CCE) to promote the attraction of investments from Taiwan to Mexico in printed circuit boards and, now, electric vehicles, since the objective was to identify electronic components for this type of units that could potentially be produced in Mexico.

The visit included meetings with the Minister of Economy, Raquel Buenrostro and Francisco Cervantes of the CCE, as well as with representatives of the Mexican Automotive Industry Association (AMIA), the National Chamber of the Electronics, Telecommunications and Information Technology Industry (CANIETI), the National Auto Parts Industry (INA), INDEX and the Economic Development Offices of the State of Mexico, Jalisco and Baja California.

Taiwan is a world leader in high-tech industries, particularly semiconductors, electronics and information technology, which is aligned with the growing demand for advanced technologies in North America.