Mexico highlights its business-friendly side
ProMexico, the government agency in charge of promoting trade and investment for Mexico held a seminar here at the Farnborough airshow to promote the “Hech

ProMexico, the government agency in charge of promoting trade and investment for Mexico held a seminar here at the Farnborough airshow to promote the “Hecho en México” (“Made in Mexico”) label, highlighting the benefits of building factories and maintenance workshops, as well as research-and-development (R&D) offices in that country. ProMexico officials claim the locale compares favorably with China if all costs are factored in. The number of aerospace companies established in Mexico is growing very fast, it said, rising from 193 in 2008 to a projected 300 this year.

According to Eduardo Medina Mora, ambassador from Mexico to the UK, time to market for a North American or a European company wanting to create a manufacturing facility in a lower-labor-cost country is shorter in Mexico than in China.