Banobras makes available to investors and interested parties an informational section on nearshoring in Mexico. The information presented in this section is a compilation of official communications and consultation materials from various external sources, which are the responsibility of their respective issuers. Therefore, the information contained in this section does not reflect the position or opinion of Banobras.
What is nearshoring?
“Nearshoring” refers to the process of geographically adjusting the production and supply chains of one or more industries by relocating them to locations close to the end consumers of goods. This practice involves transferring business operations to nearby countries with the aim of facilitating the movement of goods, reducing transportation costs, and mitigating operational risks, while ensuring the availability of marketable products.
Aligned with the 2025-2030 National Development Plan (PND), the Mexican government announced “Plan México,” an economic strategy aimed at boosting the country’s growth and competitiveness in the medium and long term. Among its goals is leveraging global opportunities such as the relocation of companies.
The Plan features a comprehensive long-term strategy to substitute imports, increase local supply chains, and attract foreign direct investment through tax incentives and regulatory certainty, as well as position Mexico as a key center for technology and advanced manufacturing.
Key aspects of relocation within Mexico’s Plan:
- Tax Incentives: Benefits are granted through decrees that include the immediate deduction of investments in fixed assets and additional deductions for training.
- Strategic Sectors: The focus is on high-value sectors such as automotive (electromobility), electrical and electronics, pharmaceuticals, semiconductors, and agribusiness.
- Development Hubs:
- Economic Development Hubs for Well-being (PODECOBI): These are designated areas for the establishment of businesses and industrial parks, aiming for national self-sufficiency and territorial development, aligned with the “Plan México.”
- PODECIBI (Circular Economy Development Hubs for Well-being): These are spaces specifically dedicated to sustainability, where companies develop recycling, reuse, and environmental technology projects, focusing on the “circular economy.”
- Development Hubs for Well-being (PODEBIS): In the area of influence of the Interoceanic Corridor of the Isthmus of Tehuantepec, 14 PODEBIS will be established, designed to attract and locate industries that align with regional productive sectors.
- Facilitation: The plan seeks to simplify customs and trade procedures, as well as connect universities with industry needs to guarantee a skilled workforce.
The trend toward nearshoring has facilitated the adaptation of infrastructure to market needs, driving new investments in transportation, logistics, and industrial parks, which promotes economic growth and job creation in the country. According to the Mexican Association of Industrial Parks (AMPIP), by 2026 there will be 477 industrial parks in operation across 28 states; furthermore, in compliance with the Mexican government’s 2025-2030 goals under the Mexico’s Plan, more than 100 parks are currently under construction.
Why Mexico?
With a strong and open economy, Mexico is distinguished by its stability, openness to international trade, and resilience to global economic fluctuations. Its extensive network of trade agreements, coupled with a competitive business environment, fosters the integration of value and production chains, reducing delivery times and logistics costs, which positions it among the 10 most attractive countries for foreign direct investment.¹
Likewise, the country actively participates in multilateral and regional organizations and forums such as the World Trade Organization (WTO), the Asia-Pacific Economic Cooperation (APEC), and the Organisation for Economic Co-operation and Development (OECD), strengthening its integration into the global economy by providing certainty, clear rules, and access to international best practices.
In this context, Mexico has signed the following trade treaties and agreements, the most recent being the Modernized Global Agreement (MGA), a legal framework that will govern political, cooperative, economic, and trade relations between Mexico and the 27 EU member states.
14
Free Trade Agreements involving more than 50 countries
30
Agreements for the Promotion and Reciprocal Protection of Investments (APPRIs)
9
Limited scope agreements within the framework of the Latin American Integration Association (ALADI).
Due to its geographic location, Mexico represents an ideal location for companies seeking access to the North American market, especially since the North American Free Trade Agreement (NAFTA) came into effect in 1994, its evolution into the United States-Mexico-Canada Agreement (USMCA) in 2020, and its review, which will begin in mid-2026. According to the Ministry of Economy, the USMCA review aims to preserve the trilateral agreement, maintain tariff-free access for more than 80% of trade, and update the rules to reflect current economic realities.
Additionally, Mexico stands out as an attractive destination for infrastructure investment, with projects ranging from the modernization of ports and airports to the expansion of transportation and energy networks. This growing infrastructure investment enables improved connectivity and operational efficiency, benefiting companies that choose to establish operations in the country.
How to invest in Mexico?
The following section lists the main infrastructure sectors, along with key information and resources to help you understand how to invest in Mexico and facilitate decision-making for those interested in relocating their investments. It then includes the country’s economic and industrial sectors to help identify the best investment opportunities.
In infrastructure sectors
Airports
Water
Highways and Bridges
Electricity
Railways
Hydrocarbons
Ports
Solid Waste
Telecommunications
Urban transport
- Planning Documents that detail the national strategy for the country’s infrastructure development.
- Organizations and Processes for evaluation, prioritization, bidding, and control for project development.
- Long-term Financing Sources for infrastructure projects.
- General regulations for mixed investment projects.
- Assistance to Foreign Investors through Mexico’s network of embassies and consulates.
In economic sectors
As part of its investment attraction and promotion policy, the Ministry of Economy established a service, support, and follow-up model for domestic and foreign investors: the Single Window for Investors (VUIMX®). This free, public platform provides contact and guidance for planning or establishing investments in Mexico.
The VUIMX offers, among other functions and resources, key information on business start-ups, permits and authorizations, foreign trade promotion, immigration, trademark registration, and procedures by economic sector.
For this purpose, the Ministry of Economy makes available state-level fact sheets containing relevant information on investment conditions, as well as infrastructure, transportation networks, potential economic sectors, Mexican talent, and the availability of other goods and services. This information is organized by geographic location across the national territory.
Financing through Development Banking
Banobras promotes infrastructure investment by channeling resources through technical assistance to governments and its financing programs for basic infrastructure, energy, communications, and transportation projects, enabling the development of diverse economic activities in all regions of the country. Infrastructure and public services provide a physical platform and last-mile services for the smooth operation of industrial activities, reaffirming the commitment to ensuring that companies arriving in the country through nearshoring have access to all the necessary services to establish their industries.
Nacional Financiera (NAFIN) and the National Foreign Trade Bank (BANCOMEXT), as the banks of Plan México, contribute with credit instruments, guarantees, and specialized financial support to promote the maturation and scaling of projects, foster their integration into strategic value chains, and strengthen their presence in international markets. Their objective is to consolidate a robust innovation ecosystem that integrates public investment, private capital, talent, and scientific development.
More Information:
Official Statements:
All press releases are in spanish
2026
- SHCP: Press Release No. 19 – OECD study recognizes the strength of the Mexican economy and the solidity of the financial system. (February, 2026).
- DOF: AGREEMENT amending the instrument through which the Ministry of Economy issues General Rules and Criteria in the field of Foreign Trade (February, 2026).
- DOF: AGREEMENT that modifies the one by which the Ministry of Economy issues Rules and criteria of a general nature in matters of foreign trade. (May. 2026)
2025
- DOF: Decree amending various tariff items of the Tariff Schedule of the General Import and Export Tax Law. (December 29, 2025)
- Decree Amending, Adding and Repealing Various Provisions of the Customs Law (November 19, 2025).
- DOF: DECREE modifying the Tariff of the Law on General Import and Export Taxes”. “Tarifa” se traduce como “Tariff” y “Ley de los Impuestos Generales de Importación y de Exportación” se traduce como “Law on General Import and Export Taxes (November 11, 2025).
- DOF: DECREE establishing guidelines for action in identifying public procurement procedures that must be conducted under the coverage of commercial treaties, as well as regarding national content. (October 31, 2025).
- President Claudia Sheinbaum presents the Mexico Plan to members of the World Economic Forum. (October 8, 2025).
- Agreement amending the decree by which the Ministry of Economy issues general rules and criteria on Foreign Trade (September 2, 2025).
- AGREEMENT amending the decree issuing the Guidelines for the Economic Development Poles for Well-being.(August, 2025)
- AGREEMENT issuing the Declaration of the Economic Development Pole for Well-being Huamantla, Tlaxcala.(August, 2025)
- AGREEMENT issuing the Declaration of the Economic Development Pole for Well-being Nezahualcóyotl, State of Mexico.(August, 2025)
- AGREEMENT issuing the Declaration of the Circular Economy Development Pole for Well-being, Parque Hidalgo. (August, 2025)
- DOF: AGREEMENT issuing the Guidelines for the implementation of the Decree granting tax benefits in the Circular Economy Development Poles for Well-being. (July, 2025)
- DOF: DECREE granting tax benefits in the Circular Economy Development Poles for Well-being. (July, 2025)
- DOF: AGREEMENT issuing the Declaration of the Economic Development Pole for Well-being “Parque Industrial Bajío,” Michoacán. (July, 2025)
- Plan México: President Claudia Sheinbaum launches the first 15 Economic Development Poles for Well-being across 14 states. (June, 2025)
- DOF: DECREE to promote investment within national territory, aimed at strengthening the development of the pharmaceutical industry, the production of health supplies, and the advancement of national scientific research. (June, 2025)
- DOF: DECREE granting tax incentives in the Economic Development Poles for Well-being. (May, 2025)
- DOF: CALL for international public bidding for the 30-year concession No. LPIBI-013AYH-PODEBI-3-2025 for the establishment of the “Tapachula II Development Pole for Well-being.” (May, 2025)
- DOF: AGREEMENT announcing the certification marks HECHO EN MÉXICO and MADE IN MEXICO and issuing their rules of use. (February, 2025)
- Government of Mexico: Plan México, First Draft “Poles for Well-being.” (January, 2025)
- DOF: DECREE granting tax incentives to support the national strategy known as “Plan México,” aimed at promoting new investments, encouraging dual-training programs, and boosting innovation. (January, 2025)
2024
- SEP: The country prepares the Mexican talent required by nearshoring and the interconnected world.
- Presidency: President Claudia Sheinbaum presents Regional Economic Development and Relocation Advisory Council (CADERR) as part of Plan Mexico.
- SE: Foreign Direct Investment, Third Quarter 2024
- DOF: Agreement issuing the General Provisions for the operation of the Sole Registry of Investment Projects
- SE: Data Mexico offers Public Announcements of Foreign Investment section.
- SE: “During the first semester of 2024, the private sector has made 143 public announcements with an expectation of foreign investment.”
- SHCP “Mexico will be able to meet the challenges of nearshoring with the joint work of the public sector and IP”
- SE: “The private sector has made 93 investment announcements of more than 36 billion dollars”.
- SRE: Forum on nearshoring is held within the framework of the XXXV Meeting of Ambassadors and Consuls of Mexico.
Consultation Documents:
2025
- Tecnológico de Monterrey: Chinese Investment in Mexico: Trade Wars, Nearshoring, and Place – Based Policies
- SHCP: Tax incentives granted through Decree. Development Poles for Well-being (PODEBI)
- National Digital Investment One-Stop Platform
- CEPAL: Nearshoring in Mexico: Diverse Options for Industrial Scaling
- BBVA: Nearshoring opportunities in Mexico: current outlook and what’s next
2024
- Ministry of Economy: Invest in Mexico
- EGADE: Nearshoring and its potential impact on the economy of Mexico in 2024 (spanish version)
- UNAM: Nearshoring “The opportunity for a new economic and social development for Mexico” (spanish version)
- IMCO: Nearshoring: The impact on foreign direct investment (spanish version)
2023
- Deloitte: Nearshoring in Mexico
- PWC: Nearshoring: A strategy to improve competitiveness and resilience in the supply chain (spanish version)
- EY: Discover the benefits your company has in Mexico with nearshoring (spanish version)
- KPMG:Incentives and challenges of nearshoring in Mexico: How to attract more investments to Mexico? (spanish version)
- BBVA: How is Nearshoring going? Ongoing evidence of a bittersweet progress
- BBVA: Nearshoring: Banks monitor
2022
- CEPAL: Mexico in the factory of North America and nearshoring (spanish version)
