President Enrique Peña Nieto met today with Danish business leaders and CEOs of Danish companies with interests in Mexico. During the event, the Agreement  to Regulate the Mutual Obligations of Guarantee and Reinsurance, between the Mexican Foreign Trade Bank (Bancomext) and Eksport Kredit Fonden (EKF) and the Memorandum of Understanding between ProMéxico and The Danish Trade Council were signed.

In 2015 Mexico grew, “By 2.5 percent, becoming consolidated as the fourteenth largest economy in the 34 OECD (Organization for Cooperation and Economic Development)  countries, most of which grew. We estimate that our economy will grow between 2.6 and 3.6 percent this year.”

 “Mexico remains a reliable destination, one that is in a process of transformation and development, and is also one of the world’s most open economies.” 

In 2015, our bilateral trade was close to 600 million Euros. This represents 14 percent of the level of trade in 2014.

Mexico is the second largest Latin American buyer of Danish products, while in recent years, foreign direct investment in Mexico from Denmark has exceeded two billion Euros and promises to increase rapidly in the coming years due to the competitive advantages Mexico now offers.

Strengths in trade

FIRST: The dynamism of the Danish economy, which grew 1.6 percent in 2015 and, according to forecasts, is expected to increase this to 2 percent this year and the next.

SECOND: The upcoming update of the Free Trade Agreement the European Union has signed with Mexico.

THIRD: The process of transformation Mexico is undergoing, which opens up new investment opportunities.

Advantages of Mexico

·        It is a productive platform with global reach. It has a privileged geographic location; it is a bridge between North and Latin America, and a link between trade from Europe and the trade there could eventually be with the Asia-Pacific region.

·        It is the fourteenth largest territory worldwide, with great biodiversity and an increasingly large, modern logistics infrastructure.

·        It is a stable, reliable country, in both the institutional political sphere, and the macroeconomic order. Few countries can boast of having had political stability for more than 84 years, where periodically, every six years, there has been a new president, which undoubtedly constitutes a source of strength for us as a nation.

·        It has a large human capital, predominantly young, with an average age of 27. Every year, more than 100,000 engineers and technologists graduate.

·        It has an open economy, one of the most open and competitive in the world, and the fifteenth largest worldwide. 

"Mexico continues to consolidate itself through its export industry and is a country where high value-added manufacturing is increasing. According to the World Trade Organization, from 2014 to 2015 Mexico moved up two positions to become the 13th largest exporter worldwide.”