of Mexican goods are transported by road and rail.
In Guadalajara, the growing tech industry has people calling it the Mexican Silicon Valley. The export value of technology products and services from the area reached USD 21bn, attracting business from tech giants such as IBM, HP and Microsoft. The tech sector now supports 115,000 jobs in Guadalajara alone.
A promising area for growth is agriculture; trade in refrigerated containers grew by 17 per cent in the second quarter of 2016, with bananas the fastest growing perishable export. With Mexico’s 65,000-plus certified organic acres to produce on, it could well push its way into the top 10 agricultural producers in the world.
3) Port power will boost infrastructure
Mexico’s infrastructure is undergoing a dramatic transformation and nowhere is this more apparent than the sweeping Port of Lázaro Cárdenas. Trade has more than doubled here in the past five years and a USD 900m investment from Maersk Group is set to have a two-fold impact on its capacity, which already stands at 1.2 million 20ft containers.
But it’s not just scale that makes Lázaro Cárdenas so notable. Once up and running in 2017, it will be LatAm's first semi-automated terminal, enabling bigger ships to dock and reducing the carbon footprint on goods transported. Now inland infrastructure needs investment to ensure goods can easily move from the coast to the hinterlands.
You only have to look across the Atlantic to Ghana to see how infrastructure projects bring benefits to communities. There, the development of the Port of Tema will trigger a USD 1.1bn rise in gross value added to the country’s economy and bring 450,000 new jobs.
For Mexico, tequila is much more than just a drink. It’s a job creator and an economic jewel.
The industry represents around 70,000 Mexicans, 80 per cent of whom are out in the fields, reaping the fruits of their country’s soil. And the fruits are considerable. Tequila’s export value broke the USD 1bn barrier in 2014, with sales of premium tequila in the US, its biggest importer, soaring by a whopping 365 per cent over the previous decade.