- Historical weakness of the Mexican Peso continues to influence outside
investorsí attitudes towards Mexico as a viable investment.
- There is a chronic unemployment problem due to an uneducated and untrained
- Problems dealing with loan portfolios and macroeconomic recovery without
domestic lending have left the Mexican banking system vulnerable.
- NAFTA continues to play a key role in boosting exports and increasing overall
- The official language is Spanish, though various dialects of Indian coexist.
- Automotive Parts
- Dolls, Toys, and Games
- Laboratory and Scientific Instruments
- Environmental Testing and Laboratory Services
- Plastic Production Equipment
- Electric Power Equipment
- Flow Meters and Associated Equipment
- Medical Disposables
- Commercial Fishing Equipment
- Dental Equipment and Supplies
- Machine Tools
- Materials Handling Machinery
- Multi-Modal Equipment and Services
- Printing and graphic Arts Equipment and Supplies
- Firms new to the Mexican market should take advantage of market research,
matchmaking and counseling services provided by the Commercial Service and
Foreign Agricultural Service in Mexico.
- Take note of the geographic and socio-economic diversity in Mexico, and
adjust market strategies accordingly.
- Mexico has a wide variety of distribution channels, and small retailers
and family owned businesses dominate the market.
- The average workday for a Mexican worker is around ten hours.
- Business cards are used extensively.
- Mexicans use their professional titles extensively, and show great respect
to authoritative and senior figures.
- There is great respect for elders in a group.
- It is customary for Mexicans to shake hands upon arrival and departure.
- Business meetings in Mexico are often conducted over a meal or a beverage.
- Business meetings generally take longer than those do in the U.S.
- Mexican social etiquette makes it difficult to say no, so what person really
wants may be confusing.
- The Mexican business world encourages participation in social gatherings
in order to succeed.
- Punctuality is not observed for social gatherings and appointments.
- The Mexican business world is male-oriented.
- Come to meetings with a large supply of business cards
- Show respect for elders and seniors
- Shake hands upon arrival and departure
- Initiate small talk before business meetings
- Send a small gift or greeting card to business contacts during Christmas
- Be overly aggressive while negotiating.† It is considered rude.
- Donít leave an ungenerous amount when tipping restaurants and bellboys.†
Mexico has a Federal republic under a centralized government.
The two dominant religions in Mexico are Roman Catholic and Protestant