EFTA Opportunities for Business

Some Potential Opportunities Created by EFTA

Mexico is seeking substantial foreign investment in various sectors to help it achieve the economic growth it needs to take its country forward economically.

Companies large and small are being sought and even micro-companies who have specialist knowledge in niche markets may find business opportunities in Mexico.

The Free Trade Agreement will enable companies working in non-restricted product and service areas to sell their goods and services in Mexico with little or no import tariff (most import tariffs were removed by 2007).

European Access to the USA

Working together in Joint Ventures, European companies may have favorable access to NAFTA and thus give them access to the lucrative US and Canadian Markets as well. Keep in mind that this arrangement can also work in reverse: e.g. US Companies (through a JV with a Mexican Company) exporting goods at favorable rates to Europe.

It's important to note that due to rules of origin, goods and services cannot simply pass through Mexico into the USA or Canada, or vice-versa, from Europe at favorable rates.

In order to gain favorable access to the US and Canadian markets, a company in Europe would need to make some direct investment in Mexico through a joint venture or similar arrangement, and a US or Canadian company would need to do the same in reverse. Mexico has effectively become a bridge between the two largest trading blocks in the world.

Strong Economy in Latin America

Mexico is one of the strongest economies in Latin America, and is developing quickly. This creates an excellent opportunity for companies who supply goods or specialist knowledge (services) to companies in Mexico who need them to continue with further development.

Mexican Investors & Traders

Mexican companies have a lot to offer too. Technical, engineering, and plethora of other business goods and services can be supplied from Mexico.

Companies of all sizes in Mexico will be very keen to tap into lucrative European markets, and lessen their dependence on the USA and Canada. They too, will be searching for companies to partner and work with, to enable them to share their skills, knowledge, products and and expertise by 'exporting' them to the European Union.