Monterey, NL. The interruption of supply chains coming from China Due to the covid-19 pandemic, open the opportunity to promote the relocation of Chinese and global companies located in that country to settle in the states to take advantage of the advantages offered by the rules of origin of the T-MEC, commented to The Economist Araceli W. Ching Pacheco, representative in Nuevo León of the Mexico-China Chamber of Commerce and Technology.
“The ideal is to attract these global companies along with their suppliers to increase productive investment and diversify the exportable supply of New Lion and the other states,” he added.
He explained that precisely in the Forum Mexico-China 2022, Recovery in Action, made in the Senate of the Republic, from January 24 to 27, they discussed the possibility of increasing the national content that is exported, driven by the nearshoring (bringing production centers closer to their consumer markets), mainly in industries automotive, electrical Y electronics.
This allows for shorter delivery times and increased responsiveness to avoid disruption of supply chains.
Regarding the disruptions in the supply of inputs from China, Joana Chapa CantuDirector of the Center for Economic Research at the Autonomous University of Nuevo Leon, commented that this delay is due to the fact that as soon as the level of infections by Covid-19 cities are closed in that country, and this has caused problems for the Automotive industry.
“Another point is the container crisis; Bringing containers from China to Mexico is difficult because the price of goods has increased for 21 consecutive months. In the months of June and July 2021, the increase against the year 2020 reached 800%, and in December it fell but it is still with an increase of 196%, ”said Chapa Cantú.
For its part, Poppy Grijalva Vega, executive president of this Chamber, declared to the national media that the central issues that would be analyzed in the Mexico-China Forum 2022, Recovery in Action were: propose a binational agenda for the economy recovery, the technological transformation and the investment attraction to increase competitiveness.
It is also of the utmost importance, he said, to promote the tourism promotion between the two countries, because before the pandemic there were 10 direct flights Mexico-China and currently only performed cargo flights.
Other topics of interest are the promotion of agri-food foreign trade, since in 2020 food exports from Mexico to that country tripled.
From China to Mexico, what is most imported are components and equipment and 25% consumer goodsadded Grijalva Vega.
According to data from the Ministry of Economy federal, the exports from Mexico to China they grew 17.9% as of November 2021 against the same month of 2020, while imports increased 36.9 percent.