The visit, which formed part of a programme of international engagement by the City of London Corporation, aimed to strengthen the bilateral ties between the City and Mexico, an upcoming MINT economy with 3.4% forecast growth for 2014 and 3.8% for 2015.
The inauguration took place at the British Business Centre’s prestigious headquarters in Mexico City. The offices will be available for UK SMEs to rent while they establish themselves in Mexico alongside a series of incubation and support services to be provided by the British Business Centre.
The British Business Centre is located in the exclusive business district of Polanco in the 5-star hotel zone of the city. Office space is also available in major business hubs in the country: Monterrey, home to many of the biggest multinationals in Mexico; Tabasco, the main oil and gas region of the country; and Guadalajara, known as the country’s Creative Digital City.
Alderman Fiona Woolf, Lord Mayor of the City of London, said: “I am delighted to be helping to inaugurate the new British Business Centre in Mexico. There are fantastic opportunities to strengthen trade and investment ties between our two nations and this new space will provide an important platform for UK SMEs to establish themselves in Mexico. Closer partnership with the UK can help to support Mexico’s impressive economic success story.”
President of the British Business Centre Richard Drabble said: “This is an important opportunity for the UK to boost growth through increased exports. Within two years of starting to export, a British business can expect 30% growth. Mexico is also an ideal location for sophisticated manufacturing and product development thanks to its young and educated population, low labour costs, logistical efficiency and proximity to the biggest economy in the world – the United States.”
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