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Mexico announced April 4 billion Pesos 212 million agreement to assemble Chinese cars in the central state of Hidalgo, amid calls for the country to diversify economic links as tensions rose with the US, its main trading partner.
Hidalgo Governor Omar Fayad announced the agreement between the giant automaker Motors Latinoamerica and owned by the Chinese state JAC Motors of Mexico at a news conference in the capital.
The plant in Ciudad Sahagun, about 65 km north-east of the metropolitan area of Mexico City, will produce two SUV models and the first cars are expected to roll off assembly lines in the second half of this year.
Fayad said the plant will start with a capacity of 11,000 vehicles per year, with production rising ultimately 40,000 The initial phase of the project is expected to create 1,000 direct and indirect jobs 4500.
Vehicles are initially intended for the Mexican market, but there are hopes distribution elsewhere in Latin America in the future.
This car will proudly bear a label saying Made in Mexico, Fayad said, and this should be a cause of great pride for the people of Hidalgo.
The United States now buying about 80 percent of Mexico's exports, but recent weeks have seen tensions between the two nations amid President Donald Trump promises to build a wall along its border and force a renegotiation of the Agreement north American free trade the US administration has also floated the possibility of a tax of 20 percent on Mexican imports to force Mexico to pay for the wall, though officials have market later this return as simply one of many options.
Fayad called the agreement a step Wednesday on a road towards diversification alternatives exports to the United States.
He said Mexico would do well to try to stimulate trade with Latin America, Asia, Europe and the Middle East, while keeping her arms open to its northern neighbor.
We specifically work to present a series of options that do not limit ourselves to one single way we see this moment as a new window of opportunity, said Fayad.
Mexico signs deal to build cars for the Chinese company JAC create 5500 jobs that the relationship of the United States, Mexico signs many.
Мексика