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Report from Mexico: Cars, docs and teachers

Category: UncategorizedBy Garrick TaylorOctober 6, 2015Leave a comment

I’m in Mexico City this week with a trade delegation of six Arizona mayors led by Phoenix Mayor Greg Stanton.

Here are few takeaways from Day 1:

Vroom vroom: The auto industry is the engine of Mexico.

Some Auto parts cross the border eight times before becoming part of a finished vehicle.

The auto trade between the U.S. and Mexico is $126 billion, which is larger than Mexico’s total trade with the EU, Latin America and Caribbean combined.

Is there a doctor in the house? Mexico is the number 3 world export of medical tech and high tech as percentage of GDP.

Mexico is seeing major growth in medical device exports.

Mexico medical tourism is hot, coming in at number 2 globally, seeing over 1 million foreign patients a year.

Slow going. Mexico is growing, but it’s at less than 3 percent. Declining oil production isn’t helping.

But the glass is half full. One of the most attractive Latin American markets, with 120 million in population, a great location and free trade agreements with 45 countries.

Education is a challenge for all of us. Mexico has traditionally seen low enrollment rates and high dropout rates. A major education reform by President Enrique Peña Nieto is meant to be a desperately needed course correction.

The quality of Mexico’s teachers needs an upgrade, and the teaching model needs to modernize.

 

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Garrick Taylor

Author: Garrick Taylor

Garrick Taylor is the vice president of government relations and communications at the Arizona Chamber of Commerce and Industry

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