Germany, in Mexico for the Long RunSat, 12/01/2018 - 17:13
Q: CAMEXA’s main task is to foster trade between Germany and Mexico. What strategies do you have in place to achieve this goal?
A: We are in close contact with the governments of both countries. In addition to the relationship with national entities, this contact includes relationships with local or regional governments. We have several programs in place to foster trade, including several business missions. We also support German companies that are preparing to invest in Mexico and we organize a series of seminars on different topics that could be of interest to companies.
Our members include companies from both, Mexico and Germany, which means that our role is not limited to helping German companies established in Mexico, but also helping Mexican companies do business in Germany. Today, there are 1,900 German companies in Mexico, but in 2000 there were only 1,100. The growth has been enormous and shows the confidence that investors have in the country. These companies employ around 130,000 people. After the US, Germany is the largest investor in Mexico.
Q: NAFTA made Mexico one of the most attractive destinations for investment. What impact do you expect from a renegotiated treaty?
A: The investments made in Mexico by the likes of Audi or BMW are not only aimed at the US market, but worldwide, which shows that even though NAFTA is important, it is not everything. Mexico has several important advantages, such as labor costs and the quality of its human resources. For Mexico the US market is important but Mexico is also very important for the US.
There are many US companies with commercial interests in Mexico, for instance in the automotive industry, Mexico imports many parts from the US. It is completely inaccurate to say that NAFTA only benefits Mexico.