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Neumann: German Interest in Mexican Economy Growing

The Business Association for Latin America's Mexico manager encouraged by strong economic ties
By The News · 22 of February 2016 13:17:31
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Berlin — The Business Association of Latin America’s Regional Manager for Mexico Manuel Neumann said that today’s conference on Mexico shows that there is a growing interest in the Mexican economy among German businesses.

Neumann said that events like the one that took place in Stuttgart Monday serve to strengthen the relationship between the two countries, which is a positive sign for the future.

“For German businesses, Mexico has several attractions. It has a free market, it has free trade agreements with numerous countries. Moreover, it offers a very favorable environment for businesses already operating in Mexico as well as potential investors because costs are very competitive,” said Neumann.

Neumann added that many German companies that had moved to Asia are returning to do business in Mexico.

“Mexican and Latin American culture have important similarities. They are very interconnected,” he said.

Although economic relations between Mexico and Germany are already well-developed, they are always growing, said Neumann.

“The outlook for the relationship (between the two countries) in the coming years is extremely positive.”

The Mexico conference in Stuttgart gave businesses in the Baden Württenberg region of Germany the chance to ask questions and learn more about the opportunities for investment in Mexico. Mexico’s ambassador to Germany Patricia Espinoza was among the attendees.