Is Mexico the new China?

On 22 Aug 2014 La Piñata @MexTechNews launched its DeltaCast section on Mexico’s economy in partnership with Delta Economics. Each week, the DeltaCast feature will provide insight into Mexico’s trade figures and prospects.

On 16 May 2014, Delta Economics CEO Rebecca Harding interviewed Carlos Sánchez Pavón, EMEA Regional Director of ProMéxico, and Shannon Manders, Deputy Editor & Supplements Editor at Global Trade Review, to uncover the key trade drivers behind Mexico’s strengthening supply chains.

Mexico has been a strong beneficiary of re-shoring in manufacturing and the country’s strong economic and political structural changes have facilitated trade growth in automobiles, auto parts, oil and alternative energies. Delta Economics’ view is that Mexico and increasingly, the Latin American region, have growing competitive advantages over emerging markets in Asia and that China is becoming less competitive in wage and productivity terms, relative to Mexico.

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