GCEL held a series of strategic sessions in Mexico City on April 13, 2016, with leading public and private sector officials to initiate the Mexico Trade Efficiency Assessment, representing the first step towards the deployment of the Digital Economy Platform to boost international trade.
The Mexican delegation included representatives from the National Confederation of Chambers of Commerce (CONCANACO), the Confederation of Industrial Chambers of Mexico (CONCAMIN), the Employers Confederation of the Mexican Republic (COPARMEX), the Confederation of Custom Brokers Associations of the Republic of Mexico (CAAAREM), the Mexican Business Council for Foreign Trade, Investment and Technology (COMCE), Mexico’s Ministry of Finance, Ministry of Economy, and the Monterrey Institute of Technology and Higher Education (ITESM).
Nearly 83 percent of Mexico’s exports are to the USA and Canada, high income countries that are challenged by low birth rates and aging populations, thereby threatening the future growth of Mexican exports.
The adoption of new digital tools to increase efficiency and transparency, reduce trade costs, and gain greater access to new foreign markets will provide Mexico the ability to diversify its international trade towards achieving sustainable economic growth.