Doing Business In Mexico 2023

1. What is the current business climate in your jurisdiction including major political, economic and/or legal activities on the horizon in your country that could have a big impact on businesses?

Mexico is an open economy guaranteeing access to international markets through a network of free trade agreements, with limited restrictions to trade. The country possesses a strategic geographical location, competitive costs to service global markets, as well as a highly-skilled, young workforce.

Mexico has a very interesting demographic bonus on its own, and the international treaties to which it is a party give access to 1,350 million potential consumers. The nearshoring and friendshoring phenomena have a huge beneficial impact for the Mexican economy. México has had important macroeconomic stability, which is expected to continue, a good consumption rate, and real growth in its minimum salary, which results in an important consumption power. Mexico has reached a