Argentina produced a record number of vehicles in 2008, and,despite the worldwide economic downturn, the economy is still expected to show positive growth in 2009. It remains the UK’s third largest market in Latin America, with over 200 British companies doing business there on a regular basis.
Mexico is the world’s eleventh largest automotive manufacturer, turning out 2.1 million vehicles in 2008, of which almost 80 per cent were exported. It is also home to a worldclass component sector, which forms an integral part of the North American automotive manufacturing industry.
Although geographically separated by 4000 miles, Argentina and Mexico share some key business advantages:
- hosts to a broad range of international vehicle makers
- strong government support for the auto industry
- an open business environment and a wish to forge closer ties with European partners
- preferential access to neighbouring markets (Brazil and USA respectively) which account for over 25 per cent of
global vehicle sales
To help UK companies to understand more about and the practicalities of doing business in these markets and to exploit potential opportunities UK Trade & Investment and SMMT are jointly staging a one-day seminar and workshop on Thursday 5 March 2009. For an event flyer, please click here.
