Mexico
Key Facts and Economic Indicators
Currency:
Mexican Pesos (MXN)
Average Exchange Rate(MXN/USD):
12.94
Population (mn):
114.98
Ease of Doing Business Rank:
48
GDP, PPP (2012) US$ bn:
1,904.20
GDP, Current Rate (2012) US$ bn:
1,153.34
GDP (Real Growth Rate %):
3.91
GDP Per Capita (PPP) (US$):
16,588.04
Inflation Rate (Consumer Price, %):
3.60
Tax and other revenues:
23.80
Industrial Production Growth Rate:
3.60
Investment (gross fixed, % of GDP):
Jun '13
(July 2012 est.)
(2013)
(2012)
(2012)
(2012)
(2012)
(2012)
(2012 est.)
(2011 est.)
21.50 (2012 est.)
Source: Central Intelligence Agency (CIA) World fact Book
Corporate tax Structure
Corporate Income Tax Rate (%)
Capital Gains Tax Rate (%)
Branch Tax Rate (%)
Withholding Tax (%)
Dividends
Interest Paid on Negotiable Instruments
Interest Paid to Banks
Interest Paid to Reinsurance Companies
Interest Paid to Machinery Suppliers
Interest Paid to Others
Royalties From Patents and Trademarks
Royalties From Know-how and Technical
Assistance
Royalties From Railroad Wagons
Branch Remittance Tax
Net Operating Losses (Years)
Carry back
Carry forward
30
30
30
0
10
10
15
21
30
30
25
5
0
0
10
Source: The 2012 worldwide corporate tax guide
Mexico's Trade
Total Exports:
Major Export
Commodities:
$
370.83 Billion
Electrical, electronic equipment (20%), Vehicles other than railway, tramway (19%), Machinery, nuclear reactors, boilers, etc (15%), Mineral
fuels, oils, distillation products, etc (14%), Pearls, precious stones, metals, coins, etc (4%)
Top Export
Partners:
Total Imports:
Major Import
Commodities:
Top Import
Partners:
USA (78%), Canada (3%), Spain (2%), China (2%), Colombia (2%)
$
370.75 Billion
Electrical, electronic equipment (21%), Machinery, nuclear reactors, boilers, etc (16%), Mineral fuels, oils, distillation products, etc (9%),
Vehicles other than railway, tramway (9%), Plastics and articles thereof (5%)
USA (50%), China (15%), Japan (5%), Germany (4%), Republic of Korea (4%)
Potential Sectors for Trade & Investments Cooperation
Agribusiness, Chemical, Energy, Mining, Pharmaceuticals, IT-BPO
Bilateral Trade with India (rounded off to US$ million)
Exchange Rate (MXN/US$)
6000
5667
13.00
12.80
12.60
12.40
12.20
12.00
11.80
5000
4000
2385
4040
1628
2578
1367
1163
1049
1725
1645
660
1000
2076
913
2000
596
3000
3945
Value in
US $ Million
08-09
09-10
10-11
EXPORT
11-12
IMPORT
12-13
TOTAL TRADE
12.71
12.53
12.27
12.21
Jan'13
0
12.94
12.72
Feb'13
Mar'13
Apr'13
May'13
Jun'13
Base Currency: USD
FDI flows
Inflow:
Outflow:
Cumulative FDI Equity Inflows from all countries
Cumulative FDI Equity Inflows from Mexico
Rank of Mexico among total FDI inflow into India
Cumulative FDI Equity outflows to all countries
Cumulative FDI Equity outflows to Mexico
Rank of Mexico among total FDI outflow from India
Major Indian Companies in Mexico
JK Tyres
Vijai Electricals
HCL Technologies
Infosys Technologies
Hexaware Technologies
Patni Computer Systems
Tata Consultancy Services (TCS)
*
*
*
*
WIPRO
Aditya Birla Group
Mittal group
Dr Reddy Labs
UFLEX India
Sasken Communication Technologies
US$
US$
US$
US$
193.95
64.97
41
44.91
37.31
53
billion
million
billion
million
(Jan '00 - Mar '13)
(Jan '00 - Mar '13)
(Jan '00 - Mar '13)
(Jul '07 - Mar '13)
(Jul '07 - Mar '13)
(Jul '07 - Mar '13)
Major Mexican Companies in India
Cineopolis
Homex
TREMEC
NEMAK
Bilateral Agreements
MOU on Cooperation in the Field of New and Renewable Energy, 2008
Double Taxation Avoidance Agreement, 2007
MoU on Cooperation in SMEs, 2006
Agreement for Cooperation in Science & Technology, 1975
* MOU on the Establishment of a Bilateral High Level Group (HLG) on Trade, Investment & Economic Cooperation and the Bilateral Investment Promotion and
Protection Agreement (BIPPA) in 2008.
Political Scenario
Government Type:
Head of State: Enrique Pena Nieto
Republic
(since December 1, 2012) Legal System:
civil law system with US constitutional law theory influence
Minister of Finance and Public Credit:
Governance Structure: Federal presidential representative democratic republic
Mr Luis Videgaray Case