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Following many successful years developing our trade lanes in the Far East, Indian subcontinent and Turkey, here at John Good Logistics we are now turning our focus to the West.
Having studied and scrutinised various different markets and possible avenues, we were delighted to unveil the new trade lane to Mexico earlier this month. From the 1st of September 2015, JGS will be offering services for both export and imports consignments.
This new service coincides with both the UK and Mexican governments celebrating 2015 as the ‘Year of United Kingdom in Mexico’ in order to promote a better understanding of our societies. There is already a good relationship between both countries, however, this initiative will no doubt motivate business, cooperation and exchange, underpinning our bilateral relationship further. One of the most active areas this year has been within the Trade, Investment and Tourism sector. The good news is that there’s an abundance of future planned events already in place to help endorse these economic divisions even further. The UK is currently 6th in world economy with a GDP of 2.535 billion dollars and Mexico are 14th with a GDP of 1.258 billion dollars, therefore the potential between the two economies is colossal.
Mexico is the ‘M’ in MINT which is an acronym referring to the top five emerging economies of Mexico, Indonesia, Nigeria and Turkey. Mexico is a perfect choice for us as it has close links with USA and other emerging Latin American countries (most notably Brazil) who from part of BRIC, another acronym for Brazil, Russia, India and China, who all have advanced economies.
Over recent years, Mexico has significantly increased its export markets boosting its growth to almost 4% across all trades. As a result of this, along with the government’s new economic reforms, many investors are now attracted to the region. With their gas and electricity prices being dramatically reduced by the government it’s expected to increase further foreign investment to the country. Ultimately, this will increase their GDP encouraging them to import more raw materials, consumable goods and high end products which the UK are well positioned to supply. Trade between both countries is enjoying double digit growth and is a main factor for John Good Logistics embarking on this particular market which offers so many opportunities.
Seamus Jennings
Joint Managing Director