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Top Sectors for Business Between Canada and Mexico

Top Sectors for Business Between Canada and Mexico

Business opportunities between Canada and Mexico are often overshadowed by trade with the United States. Despite this, according to the World Integrated Trade Solution, Mexico is Canada’s fifth-largest trading partner. Mexico also has the eleventh-largest economy in the world with a population of almost 300 million. Business between Canada and Mexico has strengthened since creating the North American Free Trade Agreement (NAFTA) in 1994. NAFTA is a free trade region between Canada, Mexico and the United States.  We outline top sectors and opportunities for business between Canada and Mexico. Trade and business between Canada and Mexico According to the World Integrated Trade Solution, Mexico is Canada’s fifth-largest trading partner. There are two major trade agreements that have created stronger economic ties between Canada and Mexico. The Canada-United States-Mexico Agreement (CUSMA, also known as T-MEC or USMCA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) provide Canada and Mexico with preferential access to each other’s markets. The best sectors for business between Canada and Mexico have the highest growth potential, policy openness and leverage Canadian strengths. Top sectors include:  AerospaceMiningOil & gasAgriculture, food and beverages Aerospace In this sector, business between Canada and Mexico initiated in 2004 with the establishment of the Canadian aerospace company, Bombardier, in Mexico. This later sparked international interest towards the potential in the aerospace sector in Mexico. Since then, the...

Opportunities for Canadian Mining Companies in Latin America

Opportunities for Canadian Mining Companies in Latin America

Canadian mining companies in Latin America have experienced significant successes in their operations in the region. Barrick Gold, Yamana Gold and First Quantum Minerals are among many Canadian companies benefiting from Latin America’s large reserves of natural resources. From Mexico down to Chile and Argentina, Canadian investment in the region has reached unseen figures. It is not only the excavation of minerals that provides opportunities for mining companies. There are also extensive opportunities for Canadian mining service companies. The growth in the natural resource sector has created a whole new service market. The provision of services that support mining operations has taken off in Latin America. Expand your Canadian mining company to Latin America Canadian companies that have capabilities and key assets should consider transferring their expertise to Latin American markets.  A consumer- and producer-wide focus on sustainability requires innovation and alternative energy usage. Here, we have look at some of the biggest opportunities to explore for Canadian mining companies in Latin America. Canadian companies that have capabilities and key assets should consider transferring their expertise to Latin American markets. Battery electric vehicles The increasing popularity of electric cars in developed markets is very obvious. Lithium, graphite cobalt and nickel are used in batteries and investment in these minerals and metals has been colossal since the rise of EVs. Uber fleets are dominated by Toyota Prius models and Tesla charging stations are popping up in...

Meet the Team: César Sánchez, Medical Cannabis and Mining Lawyer in Colombia

Meet the Team: César Sánchez, Medical Cannabis and Mining Lawyer in Colombia

César Sánchez is Biz Latin Hub's very own Medical Cannabis and Mining Lawyer in Colombia, with a range of experience in various legal professions.  Born in Santa Marta, César comes from a family of 4 and grew up with particular interest in history, foreign languages, and geography. César studied law at Universidad Sergio Arboleda, graduating with a Bachelor of Law. "During my experience at Uni, I realized that my previous backgrounds in English and Geography would help me to understand better how the world works," he says. "I utterly believe that law it is not just related to courts, trials, and traditionally associated concepts. I wanted to find different perspectives to learn about my chosen discipline, as I believe that is key to succeeding." César's most-valued experiences during university include being a Radio Broadcaster two times (2013-2014 and from April to June 2018) and Sports Columnist in the Spanish Website ‘La Media Inglesa’ (2015-2018) writing about British football, which is another passion of his. As a Medical Cannabis and Mining Lawyer in Colombia... As a Medical Cannabis and Mining Lawyer in Colombia, César is happy to apply his skills and personal interests in a professional capacity. Mining regulations in Colombia are complex to understand, but with the right kind of legal support, are a valuable investment opportunity for foreign entrepreneurs. "Not everyone believed that having knowledge and greater undesrtanding of English and Geography was useful in legal disciplines in Colombia. Fortunately, I have been able to demonstrate to myself and others...

Key Advantages of Doing Business in Brazil

Key Advantages of Doing Business in Brazil

As the largest economy in Latin America and the ninth-largest economy worldwide, many foreign investors looking into the region are considering doing business in Brazil. Brazil has experienced some economic hardship in recent years, though the country is pulling itself together to attract greater numbers of foreign investment. The country experienced a reduction in demand for Brazil’s commodity-based exports. Brazil is nevertheless positive about the future. The government intends to reduce its intervention in local markets, eliminate corruption, open the country to foreign participation and reduce unnecessary layers of bureaucracy. Additionally, President Jair Messias Bolsonaro has expressed his desire to improve commercial relationships with their northern neighbour, and global superpower, the US. For these reasons, among others, international business is now looking firmly at Brazil as an appealing investment destination. Key benefits of doing business in Brazil With an estimated population of over 214 million people, Brazil presents a number of opportunities for foreign investors to do business in the country. We outline several key advantages that foreign investors can maximise on to conduct successful commercial activities. 1. Large consumer market Brazil has the fifth largest global population, and a fast-growing middle class (as is present across the entire Latin American region), meaning that there is a huge consumer market. The size and diversity of the consumer market has created a wealth of exciting commercial opportunities for foreign businesses looking to...

Opportunities for Mining Service Companies in Mexico

Opportunities for Mining Service Companies in Mexico

Mexico holds a vast natural wealth of reserves that have established the country as a mining leader regionally and globally. The Latin American powerhouse is a significant global contributor of silver, gold, copper, zinc, and other metals. The country continues to offer attractive business conditions to foreign investors. As a result of its booming mining sector and stable legal frameworks for commercial activity, there are ample opportunities for mining service companies in Mexico. Sustainability, security, efficiency, and technology dominate Mexico’s mining development goals. Companies looking to offer new, tech-savvy and innovative ways to support mining projects have great potential to shape the future of mining in Mexico. Overview: potential for mining service companies in Mexico A high concentration of the country’s mining industry is located in the northern region of Mexico, especially in the states of Chihuahua, Sonora, and Zacatecas. The mining sector’s contribution to Mexico's industrial GDP is around 8.3%. The country’s lands have the potential to produce at least 16 different minerals, including silver, lead, zinc, copper, gold, and fluorite, among others.  Mexico is the number one destination for mining exploration in Latin America, and the largest silver producer worldwide. The greatness of the mining industry in Mexico has nurtured a mining workforce with great vocation, quality, and professionalism, as well as low labor costs that secure greater profitability for investors. For this, we can list the great opportunities for entering the market as a mining...

Australian Mining Companies Investing Locally and in Latin America

Australian Mining Companies Investing Locally and in Latin America

Australia is world famous for its mining prowess, and strong peripheral equipment, technology and services industries (known locally as METS). Australian mining investments are showing promising signs of growth, both locally and abroad, in spite of competitive global conditions. As Australia achieves greater connectivity with key Latin American partners, opportunities present themselves for the country’s miners to expand abroad and invest in mining projects in the naturally wealthy region. Much like Australia, Latin America’s vast biodiversity holds significant deposits in highly sought-after minerals and metals. We explore investment activity from some of Australia’s top mining actors, both in their home country and in Latin America. Overview: Australia mining sector Much like Australia, Latin America’s vast biodiversity holds significant deposits in highly sought-after minerals and metals. Australia demonstrates world-class capability for mining productivity and innovation. It’s diverse landscapes house significant reserves in coal, copper, gold, and iron, among others. Mining represents 10% of the country’s overall GDP, making one of the highest-contributing sectors to the nation’s economic outputs. Australia plays a key role in technology and innovation in mining, with services industries that steadily growing, and have potential to become world leaders. Leading industry body Austmine supports and promotes some 600 companies in the METS sector that offer crucial value to Australia’s humming mining operations. While Latin America’s mining sector shows promise but lacks...

Technology and Innovation in Mexico’s Mining Sector

Technology and Innovation in Mexico’s Mining Sector

The Mexican mining industry is rich in resources and history. Its history goes back more than 500 years, making it one of the most long-standing successful industrial sectors for foreign investors. The industry experienced investment growth of 14.7% in 2017 and 22% in 2018. In 2018, Mexico’s mining sector had the highest number of exploration projects per square kilometer in Latin America. Mexico is one of the economies that attracts the most foreign direct investment (FDI) to Latin America, with US$ 31.6 billion in 2018. The economy can rely on its income-generating mining industry for the country, contributing 8.3% to industrial GDP and 2.5% to national GDP. The sector is also a source of employment in the country, with nearly 2 million indirect jobs in 2018.  In order to keep up with changing commercial contexts, Mexico must protect its crucial mining sector by introducing technology and innovative methods to improve efficiency and sustainability. We observe the importance of innovations and technologies in Mexico's mining sector. Overview: Mexico's mining sector The Mexican mining sector remains attractive for foreign investment. In 2018, Mexico's mining production amounted to US$12.57 billion. A land full of resources Mexico’s landscapes are rich in resources and geological potential. In the year 2018, of the US$ 32.7 billion in FDI received by Mexico, mining received nearly US$ 1.4 billion. A large proportion of these FDI flows went towards gold, copper, zinc, and uranium production, which the country owns in abundance.  In 2018, Mexico was the world's leading...

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