World Trade Center Utah, in partnership with the Governor’s Office of Economic Development, is coordinating an official state trade mission to Mexico, led by Governor Gary R. Herbert. With 120 million people and a GDP of approximately $1.33 trillion, Mexico offers tremendous opportunities for Utah companies interested in increasing their footprint in Latin America.
The trade mission will take place the business week of April 9 through April 13, 2018. This does not include travel dates (April 7, 14) or the cultural day (April 8).
This international trade mission will give delegates seeking business opportunities in Mexico unparalleled, exclusive access to companies, government agencies and officials in the market.
Registration for the trade mission is now closed. The deadline to register for the trade mission was Wednesday, January 31, 2018.
Participation fee: There is a required $800 participation fee for each company participant who attends the trade mission. This cost includes:
- Some food
- Ground Transportation
- All official trade mission events and materials
Lodging: Participants have the option of staying at the trade delegation hotel for the negotiated rate from April 7 through 14 (seven nights): $225.15 per night for single (including tax and breakfast) or $227.32 per night for double (including tax and breakfast). Participants should select this option when registering.
Participants who choose NOT to stay at the trade delegation hotel are responsible for booking their own accommodations.
- Flights: Participants are responsible for booking and paying for their own flights. Please refer to flight information here.
- Cultural Excursion: Participants have the option of joining the trade delegation for a cultural excursion on April 8 for an additional $100
- Gold Key: The U.S. Commercial Service’s Gold Key Service is an additional cost.
At $1.1 trillion annual GDP, Mexico is the 15th largest economy in the world. Mexico has the world’s the 11th largest population with 124.5 million people. Under NAFTA, Mexico has become one of the U.S.’s top trading partners. It is the second largest export market for U.S. goods and fourth largest for Utah goods with approximately $850 million in exports each year.
Economic growth in Mexico is closely connected to the United States and has enjoyed stable growth at or over two percent since 2010. Mexico has diversified its trade partners, establishing free trade agreements with 46 countries, establishing the country as a trade hub for the Americas and into the Pacific. More than 90 percent of Mexican trade is transacted under those agreements. Mexico ranks 49th out of 193 qualifying countries in the World Bank’s Ease of Doing Business Index, and has beat the Latin American average for economic freedom since 2000.
Mexico’s economic outlook is positive as a young labor force bolsters its manufacturing sector. In addition, major liberalizing reforms in the energy and telecommunications sector are opening new, exciting opportunities for private investment.
Mexico Top Imports Globally 2016 by $ Value:
Trade mission participants are responsible for booking their own flights, including an in-country flight from Mexico City to Tijuana. WTC Utah recommends the following flights, although participants are welcome to alternative travel as needed.
SATURDAY, APRIL 7 DEPART ARRIVE
Delta Flight 641
Duration: 3h 55m Salt Lake City (SLC)
9:35 a.m. Mexico City (MEX)
WEDNESDAY, APRIL 11 DEPART ARRIVE
Aeromexico Flight 188
Duration: 3h 57m Mexico City (MEX)
3:00 p.m. Tijuana (TIJ)
SATURDAY, APRIL 14 DEPART ARRIVE
Delta Flight 2295
Duration: 1h 54m San Diego (SAN)
10:03 a.m. Salt Lake City (SLC)
Note: There is a not direct flight from Tijuana to Salt Lake City. The San Diego Airport is approximately 30 minutes from Tijuana.
Trade mission participants have the option of staying at the trade delegation hotel for the negotiated rate of seven nights. Should you opt to book your room(s) through WTC Utah, you will be booked accommodations from Saturday, April 7 to Saturday, April 14.
The rate for accommodations for seven nights is $1,576.04 for single (including tax and breakfast), $1,731.24 for double (including tax and breakfast).
Additional rooms beyond those dates must be reserved on your own.
Participants who chose NOT to stay at the trade delegation hotel are responsible for booking their own accommodations.
If you have questions about hotel accommodations, please contact Meg Garfield at firstname.lastname@example.org.
Note: This itinerary is subject to change.
Gold Key Service
The Gold Key Service through U.S. Commercial Service provides Utah companies traveling as part of the state’s trade mission to Mexico with pre-screened appointments to establish relationships with potential overseas agents, distributors, sales representatives, business partners and other local entities in-country.
You must be an established, export-ready U.S. company seeking to export goods or services of U.S. origin or that have at least 51% U.S. content to utilize this service. All applicants will be screened by the Embassy or Consulate to ensure there is a viable market for their product/service before the service is accepted.
The fee for a Gold Key Service is $950 for up to five meetings for small companies. If local demand is high for a product/service and warrants a second day of meetings, that day can be scheduled for $350.
The fee includes:
Pre-trip debriefings with U.S. Commercial Service trade specialists in the market on your product/service.
Up to five pre-screened appointments to establish relationships with potential overseas agents, distributors, sales representatives, business partners and other local entities in-country in your industry.
Post-meeting debrief onsite with trade specialists and assistance in developing appropriate follow-up strategies.
The fee for the service does not include other direct costs, such as translation, transportation, use of contractors, catering and venue rental. These costs will be made known to the applicant if applicable.
Appointments with prospective trade partners in key industry sectors
Post-meeting debriefing with trade specialists and assistance in developing appropriate follow-up strategies
The fee for the service does not include other direct costs not included in the service description, such as translation, transportation, use of contractors, catering and venue rental.
To apply for Gold Key Service, you must complete the company profile form no later than January 31, 2018. To complete the form, click here.
WTC Utah Contact:
U.S. Commercial Service (Gold Key) Contact: