After 20 years of NAFTA, the balance for the Mexican automotive sector has been very positive

Excerpt from: BBVA Research | By: Alma Martínez

nafta_2Mexico’s automotive industry has become a competitive platform for exports to the USA and the rest of the world. There are 20 assembly plants (eight more than there were ten years ago) with an annual production capacity of over 3.1 million units and a solid domestic and foreign supply chain.

Global manufacturers prefer to assemble in emerging countries.

The industry which gained most from NAFTA in Mexico was the automotive sector.

Mexico succeeded in creating 303,000 jobs from the lowest point of the crisis (in June 2009 there were 360,000 people employed) to now (662,000 employees in March 2014)
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