Nuevo Leon Explores New Business Opportunities With Bolivia

Summary: Mexico is expanding regional trade, services, and energy cooperation through initiatives linking Nuevo León with Bolivia, strengthening services ties with Peru, and launching an LPG alliance with Colombia. These efforts position Mexico as a regional hub for nearshoring, services exports, and energy collaboration, despite diplomatic tensions and evolving regulatory frameworks. Industrial manufacturers, services exporters, and energy stakeholders—including associations such as PROMPERÚ and Amexgas—stand to benefit from expanded market access, harmonized standards, and cross-border investment opportunities.

Mexico’s international business engagement continues to broaden as public institutions, export promotion agencies, and industry associations promote new trade opportunities, services partnerships, and energy collaboration across the region. Against this backdrop, Nuevo Leon positioned itself as a platform for new bilateral opportunities through the Doing Business with Bolivia seminar, which brought together business leaders, authorities and specialists interested in expanding collaboration between the two countries.

Organized by the University of Monterrey (UDEM) with support from Invest Monterrey, the event aimed to provide the business community with insights into Bolivia’s economic environment and potential partnerships with Mexico. The seminar emphasized practical guidance on how to do business, where opportunities exist and what is required to execute cross-border projects. Participants included Eduardo Sosa, Mexico’s Ambassador to Bolivia, and Gustavo Jáuregui Gonzales, Vice President of Industrialization Policies, who outlined areas of cooperation with growth potential.

A key topic was Nuevo Leon’s positioning as a strategic investment hub. Betsabé Rocha, the state’s Minister of Economy, highlighted the region’s industrial base, infrastructure and integration into global value chains as factors driving business expansion.

Building on these discussions, the seminar addressed factors that often determine the success of market expansion, including tax frameworks and entry strategies for the Mexican market. Consulting firms Deloitte and The Nearshore Company presented guidance on navigating regulatory and operational processes, while companies including Grupo Mamut and Santacruz Silver Mining Ltd. shared experiences of Mexico-Bolivia collaboration.

The event underscored broader efforts to strengthen ties between two economies seeking new markets and investment opportunities. Organizers emphasized that the seminar aimed to establish long-term commercial bridges rather than serve as a standalone initiative.

Peru Service Summit Highlights Mexico’s Strategic Role

Mexico continues to strengthen its position as a key Latin American market for services exports. The Peru Service Summit Mexico 2026, held in Mexico City on March 23-24, aimed to generate more than US$5 million in new business opportunities. Organized by Peru’s Commission for the Promotion of Exports and Tourism (PROMPERÚ), the event connected Peruvian service exporters with potential international clients and facilitated knowledge exchange and strategic partnerships, reported MBN. 

Mexico has become the top Latin American market for Peruvian companies, despite suspended diplomatic relations between the two countries. David Edery Muñoz, manager of services exports at PROMPERÚ, said commercial ties have continued to grow despite political tensions that began in late 2022.

Diplomatic relations cooled on Dec. 20, 2022, when Peru expelled Mexico’s ambassador after President Andrés Manuel López Obrador expressed support for former Peruvian President Pedro Castillo. Although Mexico’s embassy in Peru no longer operates, business and investment flows have continued.

Since its launch, the Peru Service Summit has generated US$147.6 million in commercial activity. More than 68 Peruvian services companies now conduct business with Mexican firms as a result of meetings held during the summit. PROMPERÚ expects the 2026 edition to generate more than US$5 million in new business. Mexico’s business affinity, time-zone alignment and nearshoring opportunities have contributed to its attractiveness compared to other regional markets, including Brazil.

Regional LPG Alliance Expands Energy Cooperation

Alongside trade and services growth, Mexico is strengthening energy collaboration through a regional LPG alliance with Colombia and Peru. Industry associations Agremgas from Colombia, Amexgas from Mexico and the Peruvian Society of LP Gas (SPLG) announced a two-year collaboration framework aimed at strengthening LPG’s role in Latin America’s energy transition, reported MBN. 

In Peru, SPLG underlined that the initiative offers a mechanism to reduce market informality and raise safety and service quality standards. The organization said the alliance could generate direct benefits for consumers by improving transparency, efficiency, and overall service delivery in the LPG market.

The agreement envisions the creation of a shared business platform through which the three associations can negotiate collectively with national authorities and international organizations. This cooperative structure is expected to strengthen the regional LPG market, enabling members to better address regulatory and logistical challenges while promoting sustainable growth in the sector.

The agreement focuses on cooperation in technical standards, regulation, digitalization and logistics across the LPG industry. The associations said the initiative is expected to improve competitiveness, increase supply security and support regional policy discussions.

“The goal is to make LPG a key component of Latin America’s energy future,” the associations said in a joint statement. “Through coordinated action, we can promote energy access, enhance competitiveness, and ensure that the benefits of modernization reach millions of families across the region.”

Participants also highlighted the potential to expand access to cleaner energy while improving market efficiency. The alliance includes the creation of a shared business platform to coordinate negotiations with governments and international organizations.

Looking ahead, the participating organizations plan to expand the alliance to additional Latin American countries and develop a broader regional network focused on sustainability, energy transition and supply security. The partners said coordinated action could promote energy access, enhance competitiveness and support modernization efforts across the region, positioning LPG as a component of Latin America’s evolving energy mix.