Charm offensive made in Germany: The visit of German Chancellor Angela Merkel in Mexico, Germany is not just the Investor, but also as a new market for Mexican imports.
Mexico puts a Trump break. This weekend the attention is focused in the Latin American country is not on the Tweets of the US President but the visit of German Chancellor Angela Merkel.
The economic relations between the two countries are dazzling. According to the latest survey among the members of the German-Mexican chamber of Commerce (Camex) in Mexico city, 65 percent of respondents expect for the next twelve months, business plus, 29 per cent, at least, an unchanged result.
“Our member companies a certain amount of Composure and Confidence has occurred,” explains Camex-speaker Björn Lisker compared to the DW. The only Concerns are the non-controllable external factors, and economic and political framework conditions.
German cars made in Mexico
In the framework of the chamber of Commerce survey “World Business Outlook” referred to 67 percent of the approximately 1900 companies with German equity participation in Mexico the current Situation as “good”. 29 percent rated it as “satisfactory” and only four percent as “bad.”
Joy of million-investments: Siemens CEO Joe Kaeser (l) and Minister of economy Ildefonso Guajardo (m)
Proof of the surprisingly good mood among the German companies planned investments. So BMW is building a plant in the Mexican state of San Luis de Potosi, in the 2019 to the 3 series for the world market will be produced. Mercedes and Nissan are building a joint plant in Aguascalientes, where in 2018 with the production of the A-class and the cars of the luxury brand Infiniti is to be started.
That’s not all: in September of last year, Audi began production of the vehicle model Q5 in San José Chiapa, in the state of Puebla. And in March of this year, the Siemens CEO, Joe Kaeser has announced investments in the amount of $ 200 million in Mexico.
A False Alarm?
Shortly after the arrival of Donald Trump in January of this year, the situation still looked quite different. The announcements of the U.S. President is not offset, only the German companies in Mexico on alert: punitive tariffs on Mexican exports, exit from the North American free trade agreement NAFTA and the construction of a wall between Mexico and the United States – all this is the basis of business for thousands of companies seemed to undermine.
It is now clear that the, founded in 1994, common market between the U.S., Mexico and Canada, announces, but renegotiated to be. Mexico’s economy Minister Ildefonso Guajardo ventured before the arrival of Merkel’s from the cover. “I would not be so sure that the criminal-law duties actually projects,” said Guajardo, compared to the Mexican newspaper “El Universal”.
The access to the American market is, in the context of the free trade agreement, NAFTA for Mexico’s existence. According to the world trade organization (WTO), 81 percent of all Mexican exports to the United States; to Canada, there are just 2.8 percent. In the case of imports, however, the products from the USA make up only 47 percent.
While the trade balance with the United States for Mexico to positive, compared with Germany, the opposite is the case. The Mexican-German trade volume of 16 billion euros, is made up of German exports in the amount of eleven billion Euro and imports from Mexico of five billion euros.
More imports from Mexico
Camex-speaker Björn Lisker hopes that Mexico increases its exports to Germany. “We expect a significant alignment of the Mexicans of Europe, and then Germany,” he says. “The free trade agreement between the EU and Mexico is not exploited to the full.”
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Music against Trumps wall
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Music against Trumps wall
Right now the 2001 and completed a free trade agreement is renegotiated. Mexico urges, to improve the odds for bananas, tuna, and Avocado. In the face of, at least verbal, foreclosure of the government Trumps Merkel to be running during your visit in Mexico when it comes to recruiting for the German market open doors.
“The Mexicans have recognized that over-dependence on the US poses very large risks,” says Lisker. “We knew, theoretically, in the past, of course, but for the first Time it is now in the Situation that you really have to say that This addiction is harmful to us.”