The other side of the port gate
In the city of Lázaro Cárdenas on Mexico’s Pacific coast, a charity is providing much-needed education and nutrition to disadvantaged children. With the support of APM Terminals, which has recently opened a new port there, it is providing a foundation for their future lives.
Mexico has become a manufacturing powerhouse since joining NAFTA, a free trade agreement with the US and Canada, in 1994. The country produces three million cars a year and has an ambition to increase the number to five million by 2020. Roughly 80% of its trade is with the US.
Improved and enlarged transportation infrastructure capacity is needed to accommodate the import demand of the expanding middle class, along with products destined for manufacturing centres where they are finished and subsequently re-exported to the US – and increasingly to other countries, too.
“It is definitely Mexico’s moment right now. The country is benefiting tremendously from its supply of good quality labour, its proximity to the US, and its many free trade agreements. Mexico is part of the global supply chain and connectivity between Mexico and Asia is critical for that to work,” says Mario Veraldo, Managing Director at Maersk Line’s Middle America Cluster.