Canadian – Mexican Mining Partnership: Forging Stronger Alliances
The Canadian and Mexican governments have great connections long before the introduction of NAFTA (North American Free Trade Agreement). This multifaceted relationship has led both countries into ensuing economic growth via partnerships. Merging Canadian skills, knowledge, and expertise in the mining industry with Mexico’s abundant natural resources seems practical, as they complement each other. This successful Canadian-Mexican mining partnership is bound to stay for generations.
Canada is a great asset to international investment, and it has made a great deal by investing resources to this Latin American powerhouse. Recently, Canadian mining giants such as Pan America, Alianza Minerals, and Alix Resources are dominating the market. Still, there are more momentous mining opportunities waiting for SME’s to explore.
The possibilities for SME’s are endless, including everything from surveying, exportation of mining machines and equipment, water management, and assistance in the mines’ closure. These investments diverge and can be in the form of international trade, business creations, or company acquisitions. Thanks to NAFTA, these nations can achieve such feat more conveniently than before.
Canadian – Mexican Mining Partnership Event
On May 23, 2017, the Canadian Embassy launched an event for its investors who are planning to invest in the Mexican mining sector. As the event’s highlight, the embassy assigned Biz Latin Hub to make a presentation on how to how to conduct business in Mexico. Alex Mahoney, the Mexico Country Manager for Biz Latin Hub, did the honors.
The talk was concise and informative, as it explained the list of factors indispensable to Canadian investment in Mexico. The most significant part of the presentation indicated how a Canadian-Mexican mining partnership would work. This includes the need for foreign companies to subcontract their business aspects and to delegate their resources effectively.
Nadin Nadji, the Trade Commissioner of the Embassy of Canada spearheaded this well-organized event. The puzzle-fitting combination of accurate and applicable mining information and an efficient platform truly connects Canadian investors with potential Mexican business partners. Despite language and cultural barriers, the event created an environment where both countries mutually understood each other. This allowed the development of both business and personal relationships between the two nations.
This presentation was a follow-up from the Canadian Trade Commission’s former visit to Biz Latin Hub’s Colombian office in Bogota. This meeting further discussed the increasing trade and refining relationships between Canada and Latin America.
Biz Latin Hub’s Services
Some of the vital services that Biz Latin Hub provides to companies investing in the Mexican mining industry are:
- Market Entry Services – Research, examination, and reporting on mining products and services
- Legal and Tax Services – Information and support regarding trade tariffs, invoicing, customs brokers, invoicing and compliance requirements and tariff limitations
- Due Diligence Services – Background checks on other companies, suppliers, agents, and distributors
Forming a Canadian – Mexican Mining Partnership
Roy Jakola, Director of Canadian Mining Supplies, praised Biz Latin Hub for its consistently outstanding performance. During both Bogota and Mexico talks, he stated that they have experienced the breadth of skills and services Biz Latin Hub can provide. He added that this company can offer Canadian companies a fast and professional entry to Latin American markets to expand their international marketing plans.
Well, it’s indeed true. Biz Latin Hub is deeply honored and grateful for participating with the event. Moreover, the staff is looking forward to collaborating with Canadian investors in the future. Mexico currently has 25 out of the 32 states with key mining activity. This will grow by 3.3% annually over the coming years. Mexico’s economy is directly related to the mining industry. It’s basically the reason why Mexicans are welcoming foreign investors with open arms.
If you need professional advice and tailored services for your business, contact its Mexican office and find out more.