March 21, 2023
Two Little-Known Programs Help Seasonal Employers
It is not too soon for employers with seasonal employees to prepare for the summer. Massachusetts offers two…Read More
Posted on June 28, 2013
The former president of Mexico, Felipe Calderon, touted that nation as a strong and healthy economic partner for the U.S. in a recent meeting with 70 Massachusetts business executives.
Mexico is the number two destination for all United States goods exports ($213 billion in 2012), outranked only by Canada. Already a viable manufacturing alternative to China for US firms, Mexico has a skilled workforce and proximity to the U.S. that Calderon said often tip the scales against Asia’s rising wages and increased fuel costs. President Barack Obama’s visit to Mexico last month signaled the importance of Mexico and its population of 110 million people as a strategic partner and neighbor.
Mexico’s recent economic growth”GDP has increased steadily since 2010″was the centerpiece of Calderon’s recent remarks, delivered in Cambridge.
Calderon, who stepped down from the presidency in December, emphasized that significant investment opportunities exist in Mexico for Massachusetts companies in the clean energy, waste management, and water innovation sectors. Improving access to clean water for Mexican citizens is a priority, and there is strong interest in increasing energy capacity from solar, wind and biomass, while decreasing dependence on fossil fuels.
These are likely areas of focus for a Massachusetts trade mission to Mexico now being planned for the fall. The last Massachusetts trade mission to Mexico occurred in 1999, when then Lt. Governor Jane Swift led a delegation to Mexico City and Monterrey on behalf of Governor Paul Cellucci.
In a February 2013 New York Times op-ed, Tom Friedman predicted, “Mexico will become a more dominant economic power than China or India in this century.” Even if wide of the mark, Friedman’s bet suggests that Mexico, with which the US shares the world’s busiest border, is rising in prominence and influence: