"In April, Mexican President Claudia Sheinbaum announced the country's aerospace industry could see sustained annual growth of as much as 15 percent over the next four years, and attributed the sector's expansion to a robust local manufacturing workforce, increasing exports, and a strong presence of foreign companies. Mexico is striving to become one of the top 10 countries in aerospace production value, a goal outlined in Plan Mexico, the country's strategic initiative to enhance global competitiveness in key sectors."
"As the sixth-largest supplier of aerospace parts to the US, the industry has benefited significantly from the USMCA, which fostered regional supply chain integration, said Monica Lugo, director of institutional relations at the consulting firm PRODENSA. However, the integration is no guarantee of business continuing to grow as the country is at an unprecedented moment with US President Donald Trump and his wide-ranging tariff policies."
Mexico's aerospace industry has expanded due to a robust local manufacturing workforce, rising exports, and a strong presence of foreign companies, with projected annual growth up to 15 percent. The sector aims to enter the top 10 in aerospace production value under Plan Mexico. The USMCA supported regional supply chain integration and helped Mexico become the sixth-largest supplier of aerospace parts to the US. Recent US tariffs on steel and aluminium have eroded trust and introduced uncertainty for investment. Stakeholders warn that investment stability and stronger labour standards are essential to protect the sector and preserve jobs.
Read at www.aljazeera.com
Unable to calculate read time
Collection
[
|
...
]