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Mexico Printing Industry
Mexico has a dynamic printing industry with many state-of-the-art plants concentrated mainly in the Mexico City area and Guadalajara. According to the NPES/PRIMIR World-Wide Market for Print study, revenues are forecasted to reach USD 14.6 billion in 2017 and the market will grow at a rate of 3.2% between 2012 and 2017. This growth rate is due to an increase in private consumption as the middle class expands. The largest and fastest growing print sector is packaging.
As a neighboring country of the U.S. and member of NAFTA, Mexico is a natural market for U.S. exporters. Covering almost 1.2 million square miles, Mexico is one of the largest countries in Latin America. Mexico is the United States’ second largest export market resulting in over USD 850 million of trade taking place each day. U.S.-manufactured products enjoy duty free import benefits under the North American Free Trade Agreement giving U.S. businesses a quality versus cost advantage over other foreign manufacturers. Proximity and access to North American markets and technology have positioned Mexico as one of the most attractive economies for foreign direct investments in Latin America and trade liberalization; a strong domestic market and low labor costs have also contributed to Mexico’s boom. With a history of diverse economic development, strategic access to trade routes in the Atlantic and Pacific oceans, geopolitical connections with the United States and other Latin American countries, Mexico has always, and will continue to be a key economy for global trade.