China's trade with Mexico, FDI on the rise
China DailyBy Minlu Zhang in New York | China Daily | Updated: 2024-08-22 09:36 Editor's note: As Chinese companies move their operations to Mexico, they are not just sidestepping tariffs but also sparking a surge in local investment and job creation. Since 2023, bilateral trade between China and Mexico "has not only been influenced by economic and market factors but also political ones", Liu said. While "Made in Mexico" is gaining ground in the North American market, Chinese companies still hold an advantage due to their stronger technical and supply chain foundations, experts said. "Most of the companies going to Mexico are bringing skills that we don't currently have in Mexico," Jose Luis Enciso, business intelligence director for Keno Consulting in Beijing, told China Daily. "While we don't have a free trade agreement in place, Mexico and China have developed a very good economic and policy dialogue over the past 10 years," he said.
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Mexico Considering Tax Incentives to Lure Foreign Companies
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China's trade with Mexico, FDI on the rise
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China's trade with Mexico, FDI on the rise
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