Auto Sector a Priority for the Ministry of Economy
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Auto Sector a Priority for the Ministry of Economy

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Lorenzo Núñez By Lorenzo Núñez | Livestream Producer - Wed, 11/24/2021 - 11:03

The Automotive Industry continues to represent an important sector for Mexico, making up 3.5 percent of the nation’s GDP, 15 percent of the total international investment in the country and 28 percent of Mexico’s total exports. In addition, the new USMCA has increased the content value in the region to 75 percent. In addition,  it has put forth the creation of new car part categories and essential core parts which could potentially lead to more foreign investment to Mexico. Today, the country´s Secretary of Economy continues to work with its associates to reach with its US counterparts a common ground in USMCA negotiations.  

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