In an interview, Lorenzo Barrera, the CEO of Consejo de Grupo Financiero Base, highlighted that nearshoring in Mexico continues to thrive despite various uncertainties in international trade. He pointed out that Mexico’s strategic agreement with the U.S., which is its most significant trading partner, has provided the country with an advantageous position compared to others in the region. This has maintained interest from international companies looking to invest and relocate production closer to the U.S.

Barrera emphasized that many international firms are eager to establish operations in Mexico, but they are awaiting clarity on the implementation of the T-MEC trade agreement before making any final decisions. He mentioned that the current pause in nearshoring activities is temporary, as companies are looking for more information regarding trade regulations and agreements that will impact their operations. He remains optimistic that clarity will soon be achieved, prompting these businesses to proceed with their plans.

Moreover, one of the key advantages Mexico offers is its competitive labor market, which presents low-cost workforce options that appeal to commercial partners. Barrera argues that this economic strength and labor advantage are crucial elements that should be highlighted to maintain and promote nearshoring processes in Mexico, ensuring that the country remains an attractive business destination in fluctuating global trade circumstances.