Japanese investment in Mexico continues to rise, as both countries celebrate 130 years of relations
Akira Yamada, Former Ambassador of Japan to Mexico
Next year marks the 130th anniversary of bilateral relations between Japan and Mexico. There is much economic progress to celebrate.
The proof is in the numbers — the presence of Japanese companies in Mexico has more than tripled since 2009, with over 1,000 operating in the country today.
“Japanese investment in Mexico continues to increase at a rapid rate,” said the former Japanese Ambassador to Mexico, Akira Yamada.
Japanese automobile and auto parts manufacturing plants, including heavyweights Nissan and Toyota, are spread across the Bajio region in Mexico’s interior, while companies in the sales, marketing and services industries are typically based in the vibrant capital, Mexico City.
The Japanese Chamber of Commerce and Industry of Mexico, which counts more than 470 corporate members and is headed by Chairman Takashi Morimoto, helps promote this investment.
“Our goal is to help provide a better business environment for Japanese companies doing business here,” said Morimoto. “We host monthly meetings, annual events and seminars for members, aiming to create a sense of community.”
With access to both the Atlantic and Pacific oceans, as well as North and South America, Mexico is ideally located for investment. “Japanese companies choose to establish regional offices in Mexico not only because of its proximity to the U.S., but also for the many advantages Mexico offers, including low-cost, but skilled, labor, a stable government and an extremely open economy,” he commented. “For example, Mexico has free trade agreements with 46 countries.”
And in addition to bringing financial investment and business expertise to Mexico, Japanese companies are now also sharing intrinsic Japanese ideals and values that can benefit Mexican society.
Alejandro Kasuga, director general of Yakult de Puebla and Organizacion Impulsora de Valores, promotes the Japanese philosophy of “order and cleanliness” to address social problems in Mexico. With the goal of improving the lives of the Mexican population, Kasuga hopes to achieve this not only through business, but also through values training.