2013-12-24 11:52:03 - Despite the high concentration of it foreign trade with North America, Mexico will continue diversifying sus international marketing, especially with countries in Latin America and Asian countries.
The commitment of the Mexican government to promote structural reforms and the need to invest in key infrastructure projects that will result in Mexico becoming a net importer of these goods during the next 20 years, according to the latest study from Forecast HSBC Global Trade Connections.
"Industrial machinery, transport equipment, computer products, communications and telecommunications, will be the largest contributors to the growth of Mexican imports representing up to 55% of the increase in purchases from abroad," said the Director of International Trade at HSBC Mexico, Mauricio Muñoz Leon.
Furthermore, Mexican exporters are well positioned to seize the opportunities of a growing worldwide infrastructure projects related to product demand.
Globally, the U.S. is currently the largest importer of goods in this segment.
However, the study forecast of Commerce HSBC Global Connections predicted that by 2020 will be India and China who exceed the United States and become the leading importers of infrastructure assets because of investments in development projects and road construction communication as well as in the manufacturing, energy and oil, besides telecom.
Finally, Mauricio Muñoz added that despite the high concentration of Mexican foreign trade with North America, where the United States will remain the main trading partner of Mexico in the coming decades, the country will continue to diversify its international markets in Latin America mainly Brazil and in the Asian region stands Continental China, whose demand for Mexican products continue to grow in the following years. In contrast, the Board recognized that opportunities for trade with European countries are limited due to the slowdown and economic uncertainty prevailing in this region.
Banco HSBC Mexico profile: mxbanks.com/banks/hsbc-bank-mexico