Businessmen from Taiwan recognize the importance of the Interoceanic Corridor during a visit to Mexico

Statement from the Ministry of Economy

As a result of a three-day working tour of Mexico and more than a half year of meetings and exchange of experiences, the Taiwanese business delegation recognizes the importance of the Interoceanic Corridor, as well as the workforce and young talent that our country offers.

At the facilities of this Ministry, the closure of the "Business Meeting for economic growth and relocation" was held, chaired by the Minister of Economy, Raquel Buenrostro; the president of the Business Coordinating Council (CCE), Francisco Cervantes Díaz; the presidents of the Taiwan Foreign Trade Development Council (TAINTRA) and the Taiwan Electrical and Electronics Manufacturers Association (TEEMA), James Huang and Richard Lee, respectively.

In her speech, Minister Buenrostro specified that the next phase of this meeting will consist of meetings with specific groups and business roundtables by type of industry in order to match supply and demand, both in terms of the final product, as well as in the raw materials for PCBs and semiconductors.

“We cannot forget that Mexico is the country in the Americas that has invested the most in infrastructure projects in the last five years: airports, trains, highways and more. In the Government we are convinced that this will result in greater competitiveness and long-term economic stability, which will be profitable for all the actors involved,” she said.

For his part, Richard Lee assured that they were very impressed by the Interoceanic Corridor of the Tehuantepec Isthmus. He said that "the progress that currently exists in the alliance between Mexico and Taiwan is not only limited to a particular region, but in all the states that are related to the Interoceanic Corridor."

The president of TAINTRA, James Huang, affirmed that it is the first time that a delegation of important Taiwanese companies has visited our country.

“Taiwan plays a very important role in the supply chain in the industry. Now we are in a situation of global relocation in Mexico, we are seeing that it plays an extremely important role, it is a great opportunity for the country as well as for us,” he assured.

In his participation, Francisco Cervantes recognized the work of the Ministry of Economy for this event and, above all, for the message of unity that is sent out by the business sector and the Government of Mexico to work on nearshoring.

“Today, Mexican industry begins a new revolution, which will dramatically change the industrial structure of Mexico in the next 10 years. The presence of Taiwanese businessmen in Mexico confirms their interest in being protagonists in this transformation," he said.

In this first stage of the Meeting, the states of Hidalgo, Puebla and Veracruz were responsible for detailing the logistical, labor, technological, educational and security advantages of their states, with the purpose of attracting investors from the delegation, made up of 20 companies, three associations and a research center.

Last Monday, the Taiwanese mission visited the Felipe Ángeles International Airport (AIFA) in Mexico state; the Platah industrial park, one of the most modern in the country; as well as the Control, Command, Communications, Computing, Coordination and Intelligence Center (C5i), both in the state of Hidalgo. In the city of Pachuca, they met with Governor Julio Menchaca, who assured that Hidalgo is a great opportunity for companies.

During their tour of Puebla, Governor Salomón Céspedes highlighted the state's competitiveness for foreign investment and foreign trade; After visiting Ciudad Modelo, representatives of the Popular Autonomous University of the State of Puebla (UPAEP) and the National Institute of Astrophysics, Optics and Electronics described the profile of their graduates, as well as the research and development they carry out at their academic institutions.

In the city of Cholula, a meeting was organized with the governor of the state of Veracruz, Cuitláhuac García, who presented the benefits of the Interoceanic Corridor of the Isthmus of Tehuantepec (CIIT) and highlighted that his entity has a surplus of 306% in electrical energy which positions the state with the largest installed capacity in the country. Also present at the event were the directors of CIIT and the National Center for Energy Control (CENACE), Vice Admiral Raymundo Morales and Ricardo Mota, respectively.

During the three days in Mexico, the Asian businesspeople held meetings with the CCE; Mexican business leaders; representatives of the national chambers of the Electronic Industry of Telecommunications and Information Technology (CANIETI); of Electrical Manufacturing (CANAME); the Mexican Association of the Automotive Industry (AMIA) and the National Auto Parts Industry (INA).

On the working tour, the foreign delegation was accompanied by the undersecretaries of Foreign Trade, Alejandro Encinas, and of Trade and Industry, Abel Romero, as well as the head of the Global Economic Intelligence Unit, Irais Barreto, all of them from this unit; the Secretaries of Economic Development of Hidalgo, Puebla and Veracruz, Carlos Henkel, Olivia Salomón and Enrique Nachón, respectively, as well as businesspeople from the three states.