The following is an extract from the Parliamentary Gazette of the Mexican Senate:

In the great effort to increase the levels of competitiveness in the country, improving the existing technology and the national and international market and investments, we find as a very good area of opportunity, the impulse, promotion and permanence of the companies that operate a program of Maquila under the “Shelter modality”,

Just last week, the UK applied to become a member of the Asia – Pacific Free Trade Pact, formally known as The Comprehensive and Progressive Agreement for Trans-Pacific Partnership - or CPTPP - covers a market of around 500 million people (www.bbc.com/news/). Mexico is part of this agreement and USA is expected to joint with the new Biden Administration.

There’s no greater danger than expansion without great forethought and planning. Expansion is challenging and brings with it pressure. Here you will find some factors you should consider before expanding your operations in Mexico.

In ONILOG we are optimistic about our expectations for 2021 and as stated in previous articles, we always choose to see the glass half full and work diligently to continue creating value. There were hard decisions which had to be taken at the beginning of the year to adjust our company to the actual level of operations and to prepare us to meet the projected growth due to the vast number of projects expected to land starting 2Q 2021.