Niagara Economic Development is in Mexico this week as part of a trade mission that will seek to strengthen economic ties and encourage foreign direct investment locally.
From Jan. 14 to 18, representatives from Invest Hamilton-Niagara, a partnership between Hamilton and the Niagara Region, will visit Mexico City, Guadalajara and Jalisco where they will meet with industry leaders.
The Mexico initiative follows a recent mission to Colombia. The Mexico trip is intended to explore potential growth opportunities and highlight established business activity between Mexico and Hamilton-Niagara, particularly in light of the yet-to-be-ratified United States-Mexico-Canada Agreement [NAFTA-II].
Mexico is an important market for Canadian business. Trade between Canada and Mexico totals $45.1 billion with Canadian exports amounting to $8.8 billion. Canadian companies have invested $16.8 billion in Mexico, with $1.7 billion flowing in the opposite direction.
Areas of focus for the Niagara Economic Development team include:
• Agri-business [food producers, processors, packagers and distributors]
• ITC [education, software development, information technology companies]
• Manufacturing [emphasis on clean, green, tech-driven manufacturers]
Invest Hamilton-Niagara has contracted BMT Global Consulting, an international business intelligence consulting company based in Mexico City, to help arrange meetings with potential business partners.
A progress report detailing mission outcomes will be presented to council later this year.
For more information on Niagara Economic Development and its initiatives visit www.niagaracanada.com or www.investhamiltonniagara.ca
"Mexico is an important trading partner for Canada and Ontario. Niagara Economic Development’s participation in this trade mission will allow the Region to promote our key sectors to potential customers while exploring new opportunities for our business community."
~ Jim Bradley, Regional Chair
905-980-6000 ext. 3747