The report indicates that it is mostly electronics manufacturers that are moving from Asia to the United States and Mexico. As this “close relocation” will begin to accelerate in Mexico, an industrial policy must be generated in the country that ponders this trend. Even the National Council of the Maquiladora and Export Manufacturing Industry (Index) urged efforts to join forces in favor of nearshoring.
Undoubtedly, this trend must be taken advantage of in all aspects, both by real estate developers and by the government, which can collect more taxes and allocate them correctly to the development of the surrounding areas. What good will a state-of-the-art industrial park be if it does not have enough electricity to house companies that require it?
Let’s put a very important point on the table: the competition in nearshoring. Mexico is the main trading partner of the United States. The renewal of the T-MEC and the commercial opening that it entails gives confidence and guarantees to Americans and other investors. But just as we have a USMCA, other countries are seeking trade alliances that make them more attractive to capital, such as the Regional Comprehensive Economic Association in Asia.
While the United States fights with China for global leadership, a door of opportunities opens, especially for Mexico to take advantage of the relocation of companies. But, at the same time, alliances are generated in India, Russia, China and the United Arab Emirates that also motivate international companies to return to their countries.
In terms of results, so far Mexico is doing well. We constantly see companies announcing important investments in different parts of the country, especially on the border, which has led to a shortage of industrial buildings in cities such as Tijuana, Ciudad Juárez and Monterrey, which has raised the cost of renting these spaces. .