British Government Sees Opportunity in Mexico
Published On: May 17, 2013
British Government Sees Opportunity in Mexico
Published On: May 17, 2013
The number of British government initiatives in Mexico points to the high degree of confidence that the UK has in the Mexican economy.
For example, in April this year the UK’s ambassador to Mexico, Judith MacGregor, met with Tijuana mayor Carlos Bustamante Anchondo to discuss ways to build more jobs, widen business relations between the two countries and prepare Tijuana for foreign manufacturing in Mexico investment.
During the meeting, Bustamante Anchondo said Tijuana is experiencing significant economic growth and decreasing crime rates. The city has ambitious plans for urban development and is working directly with the United States on immigration issues. The mayor said that numerous companies dealing in medical care, technology, research and development, and the aerospace industry had decided to locate to Tijuana. Manufacturing in Mexico is expected to increase significantly.
Ambassador Macgregor said that Tijuana’s strategic location would help attract foreign investment. “Currently there is a good perception of Mexico and its borders, compared to the past. Now Mexico is seen as an optimum place to invest and it has a highly trained workforce.” The maquiladora industry will most likely benefit.
Mexico is a growing market, the 7th largest in the world. Recently MacGregor met with representatives from the Cambridge Weight Plan, a UK company offering clients help with weight loss, general health, and nutrition. MacGregor said that the Cambridge Weight Plan had the highest level of approval from UK Trade & Investment (UKTI), a government organization that helps UK companies establish a global presence. The Cambridge Weight Plan is well-poised to enter Mexico’s dynamic and expanding market…
