article thumbnail

How Mexico’s Top Industries Have Benefited from USMCA Updates

Ivemsa

The North American Free Trade Agreement (NAFTA) served its participating countries well by placing value on nearshoring and as a result, it boosted exports, created manufacturing jobs, and increased wages for industrial labor. manufacturers to grow as well. Here’s how: Automotive Manufacturing. Aerospace Manufacturing.

article thumbnail

Could Puerto Rico Become the Next Big Tech Haven?

Future of Digital Sourcing Nearshoring

Related news: Are You Getting the Most Out of Your Nearshore Digital Transformation Partner? During the 2006 economic downturn in Puerto Rico, many jobs were lost and people left the island. The Nearshore Model is the Best of Both Worlds. Tags: Puerto Rico Talent Management Manufacturing 5G.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Mexico Evolved As LATAM’s Center Of Excellence Hub?

Zinnov

Compared to other LATAM (Latin America) countries, Mexico has taken the lead since 2006. USD 23 Bn has been invested in Automotive manufacturing in recent times. Developing a nearshore COE in Mexico has helped leaders be up to date with project developments due to its close proximity to the U.S. Connectivity.

article thumbnail

The Current State of Technology in Mexico

Intugo

Between 2006 and 2011, investments in the IT sector through projects supported by the Prosoft Fund (Program for the Development of the Software Industry and Innovation) went from 78 million dollars to nearly 115 million dollars. This is due to the boost in exports, which registered an average annual growth rate of 42.8%