Getting Started With Manufacturing in Mexico Is Easy With NovaLink
Getting started with manufacturing in Mexico doesn’t have to be a long, complicated process. Consider NovaLink if you are considering Mexico as a manufacturing destination. Our streamlined manufacturing process for getting started in Mexico our modern manufacturing facilities and our 30 years of experience make shelter manufacturing quick and efficient. Manufacturing in Mexico versus China is an easy decision with all the advantages of reshoring manufacturing to North America.
USMCA stands for United States-Mexico-Canada Agreement, which was signed on November 30, 2018. Essentially, it replaces the North American Free Trade Agreement (NAFTA) which was in place since January 1994. NAFTA slowly phased out tariffs on most goods between North America’s three main economic powers. All agricultural and textile products, cars, and other goods had their tariffs reduced or eliminated by 2008.
Mexico Manufacturing Advantages
The U.S.’s top manufacturing base is Mexico, not China. Mexico is great for manufacturing companies because it allows them to reduce their expenses and increase their revenue.
Decreased Time to Market
NovaLink is literally right across the border from Texas, and NovaLink has well-developed supply chains.
Inexpensive, but skilled Maquiladoras Labor
Mexican laborers, whose wages are 30 % lower than China, are skilled in auto-making and equipment industries, as well as other labor-intensive industries, such as clothing and textiles.
Increased Investment in Mexico
Following the signing of the North American Free Trade Agreement in 1994, Mexico saw a surge in manufacturing investments and, after a significant share of factory work went to China when they entered the World Trade Organization in 2001, the pendulum is now swinging back in Mexico’s favor.
Free-trade Agreements Covering 44 Countries
Mexico has free-trade agreements with 44 countries. The North American Free Trade Agreement (NAFTA) provides access manufacturers in Mexico from the USA and Canada. The Mexican government encourages foreign investments.