Financial Times Profiles Mexico's Expanding Presence in the Aerospace Sector

Mexico is showing its strength in the aerospace sector and the Financial Times follows the reasons behind it and why Mexico is here to stay.

"Simply put, Mexico is becoming more competitive,” says Bruno Ferrari, the country’s economy minister.One reason for manufacturing’s survival is that it has climbed the value chain, swapping the basic textile and shoe manufacturing operations of yesteryear for high-tech plants that produce chips for use in mobile telephones, radio and transmission equipment, as well as flatscreen television sets.

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The latest technical sector to spring up in Mexico is probably aerospace. From virtually nothing a decade ago, there are now 238 aerospace companies operating in the country, with exports of roughly $3.5bn a year. Annual average growth has been 20 per cent a year since 2002."