At least 35 Taiwanese companies are interested in investing in Mexico, primarily in the automotive and electronics sectors, as part of the opportunities generated by nearshoring and electromobility.

In an interview with Excélsior, Armando Cheng, Taiwan's ambassador to Mexico, stated that the country has become one of the main investment destinations for a significant number of companies involved in various industrial sectors.

He mentioned that over 300 companies are currently operating in cities such as Ciudad Juárez, Tijuana, Guadalajara, Aguascalientes, and Guanajuato, among others.

It is important to note that many of these companies have begun executing expansion projects, which will also create a greater number of job opportunities.

The ambassador confirmed that Taiwanese investment is occurring across various sectors, but mainly in electronics and auto parts, in order to meet the growing demand in the automotive sector and its shift towards electromobility, as well as other technologies.

“Por el fenómeno del nearshoring"Due to the phenomenon of nearshoring, many companies are also arriving and expressing interest. They are coming to explore the investment environment. Last May, a delegation composed of 15 companies, mainly automotive manufacturers, came to explore the possibility of coming to Mexico. The outcome of their analysis is positive, and we expect that in the near future, many more companies will come and be open to investing in Mexico."

However, Cheng, also the director general of the Taipei Economic and Cultural Office, stated that one of the issues Mexico must address is the shortage of skilled labor. While the existing workforce is of top quality and competitively priced, there is a significant shortage of personnel, and more institutions are needed to train engineers and specialized technicians.

"Mexico has a skilled workforce, but it is not enough; more is needed. More engineers and technicians are required. I believe more colleges and institutes are needed to train talent in the technology sectors."

While Taiwan sees Mexico as an important investment destination, the ambassador emphasized the need for a trade agreement between the two nations in order to overcome the obstacles they currently face, mainly in terms of tariffs.

"Mexico and Taiwan have not signed any free trade agreements, nor do they have a profession and promotion treaty. They do not have any agreement to prevent double taxation. If something like that can be realized, there will surely be many more investments. Mexico can export many more products, such as beef, pork, fruits, or any other products."

He reiterated that Taiwan is particularly interested in joining the Trans-Pacific Partnership (TPP), and they hope to receive support from Mexico.

Source: https://www.excelsior.com.mx/dinero/taiwan-busca-aumentar-inversiones-en-mexico-en-el-sector-automotriz/1662635