The fastest growing industry in Mexico

In this interview, I sit down with Jacobo to explore the booming industries in Mexico, from automotive to electronics and beyond. Jacobo shares firsthand insights into Mexico’s robust automotive sector, which now includes electric vehicle manufacturing and interest from Chinese carmakers looking to establish a presence in Latin America. We dive into how the microchip industry is also growing, with big players like Nvidia and Foxconn setting up facilities in Guadalajara to support the U.S. supply chain. Jacobo highlights how electronics giants like Intel, HP, and IBM have long recognized Mexico's potential, establishing operations that contribute to Mexico’s role as an electronics manufacturing hub.

The conversation also touches on the furniture and clothing industries, which continue to grow and support strong export markets. Jacobo explains how the U.S.-Mexico border, especially in areas like Tijuana and Nuevo Laredo, facilitates complex cross-border manufacturing. Thanks to trade agreements like USMCA, goods can move back and forth across the border multiple times, enabling Mexico to handle specialized production steps while keeping labor costs low and avoiding import taxes. Jacobo even breaks down the "temporary importation" model, where companies can process products in Mexico tax-free as long as they aren't sold domestically, creating jobs and economic growth on both sides of the border.

If you're interested in the future of Mexico’s manufacturing landscape, this interview with Jacobo offers valuable insights you won’t want to miss!

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