Nearshoring in México and its relationship with China, South Korea and Japan

Abstract

In the middle of the tensions of the trade war between the United States and China, Mexico is seen as one of the protagonists of "nearshoring". Although separated by thousands of kilometers from Asian nations such as China, South Korea and Japan, Mexico has become an attractive destination for their investments. Companies from these countries are attracted by the door that Mexico offers to the North American market. This investment has been predominantly oriented towards manufacturing, with an emphasis on automobiles and electronics. Mexico has found its strengths in its proximity to the U.S. and Canada, its trade agreements and affordable labor, positioning the country as an attractive destination for nearshoring. This phenomenon promises not only to strengthen commercial ties, but also to revitalize the Mexican economy and create employment.