Trade

Mexico Plans Nearshoring Incentives to Curb China Imports

Government unveils plan to strengthen North America trade
Mexico president presented goal of building up local industry

Claudia Sheinbaum speaks during a press conference on Plan Mexico, at the National Anthropology Museum in Mexico City on Monday.Photographer: Stephania Corpi/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Maya Averbuch and Alex Vasquez

January 13, 2025 at 6:38 PM UTC

Updated on

January 13, 2025 at 8:25 PM UTC

This article is for subscribers only.

Mexico’s President Claudia Sheinbaum announced a plan to reduce the country’s imports from China in a bid to support local industry and align herself with the US and Canada as a trade partners.

Amid a shrinking share of North American exports to the world, Sheinbaum stated that Mexico would offer incentives for nearshoring, including tax deductions, and develop plans for individual sectors for how to increase the local content of goods made in Mexico.