Asia Broadband Inc (AABB)

[alidare]

"Mexico’s rich mining industry dates back more than 500 years and continues today, making it a best prospect industry sector for U.S. companies. This section provides a market overview and trade data on this historic sector."

"Mexico’s total production of mining and mineral products accounted for USD 12.69 billion in 2019. Precious and non-ferrous metals account for 86 percent of total production. For Mexico, the mining industry is an important revenue generator, contributing 8.3 percent to the industrial GDP and 2.5 percent to the national GDP. It is also a significant employment generator, supporting over 379,000 direct jobs and almost 2 million indirect jobs."

"Mexico leads the world’s production of silver. With 6,300 metric tons produced in 2019, it is followed by Peru and China with half that capacity.”

"Foreign Direct Investment. Mexico is the world’s fourth-largest recipient of foreign direct investment (FDI) for mining and the second destination of such FDI in Latin America. Mexico’s total FDI inflow amounted to USD 32.9 billion in 2019, with only 1.8 percent invested in mining during that year. Most mining FDI originated with companies from Canada (which has the largest overall stock of mining investments in the country), the United States, Spain, Germany, and Japan. The majority of FDI mining inflow is directed to mining gold, copper, zinc, and uranium.”

<Barriers
U.S. suppliers to the mining industry face no barriers to entering this market, and this will not change with the entry into force of the U.S. Mexico Canada Agreement (USMCA). For information on the implementation of USMCA, visit the Office of the United States Trade Representative website at www.ustr.gov; or the Customs and Border Protection website at https://www.cbp.gov.>;

https://www.trade.gov/knowledge-product/mexico-m-mining-and-minerals